U-haul's Business Model

Paper Summary:

This paper examines how the U-haul company engages in business contracts, with a look at the model of its parent company, AMERCO. The paper gives a general description of what makes a contract legal, and shows several examples of U-haul's contracts. Also considered are possible areas of difficulty and conflict within a contract, such as terminology that could be disputed. The paper includes guidelines for writing an effective blank contract.

Outline:
Contracts and UCC regulation
Purchasing Contract Analysis and the UCC
Works Cited
AMERCO and Antitrust
U-Haul and Bankruptcy

From the Paper:

" Every contract must contain certain elements to be considered valid. They are mutual assent, lawful objective, capacity of the parties to perform, consideration and appropriate form. The omission of any of these elements can render the contract invalid. AMERCO engages in numerous types of contracts with a number of different entities. They have contracts with realtors, suppliers, vendors, and repair persons to name a few. The nature and exact structure of each of these types of contracts will differ to reflect the nature of the agreement. Actual contracts between parties are not public information and the specifics are not often available to the public. "

Sample of Sources Used:

• Ceh v. UHaul International, Inc., 11th district court of appeals, No. 04-10031. http://www.ca11.uscourts.gov/opinions/ops/200410671.pdf Accessed January 22, 2007.
• "Company News; U-Haul's Parent Seeks Bankruptcy Protection." June 21, 2003. New York Times. http://query.nytimes.com/gst/fullpage.html?res=9800EFDF173BF932A15755C0A9 659C8B63. Accessed January 23, 2007.
• "Company News; Owner Of U-Haul Files Plan To Emerge From Bankruptcy." October 8, 2003. New York Times. http://query.nytimes.com/gst/fullpage.html?res=9B04E6D81E3CF93BA35753C1A 9659C8B63 Accessed January 23, 2007.
• Muris, T. In the Matter of AMERCO and U-Haul International, Inc., 109 F.T.C. 135 (1987) (consent order; complaint filed June 24, 1985). Antitrust Enforcement at the Federal Trade Commission: In a Word--Continuity. August 7, 2001. http://www.ftc.gov/speeches/muris/murisaba.htm

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