BUS 311 Week 2

Quiz

Due Day 6. Week Two Quiz. Complete the quiz on the assigned readings for the week.

Assignments

Critical Analysis Short Paper. Consider a situation in which you or someone you know engaged in a written or oral contract containing specific performance requirements from the contractor providing business services. In the situation, the contractor breached one or more of the contract performance requirements.

Using the six essential elements of an enforceable contract, provide a thorough analysis of the situation. Discuss the options under the contact while considering the potential of substantial performance and inferior performance. Also, consider potential remedies for the non-breaching party.

Discussion Questions

Offer and Acceptance. Read Case Question #33, Intentional Concealment, in Chapter 8 of your text. Provide a discussion for each of your answers to the following questions. Respond to at least two other students postings.

a. Can the contract for sale be canceled because of fraud?

b. Was there a misstatement of material fact?

c. Did Stein suffer a loss as a result of Gortinos actions?

d. Can Stein sue for damages?

Promissory Estoppel. Research the doctrine of promissory estoppel online. Use an actual case to help you discuss the following questions:

a. How does this doctrine act as an exception to the elements and requirements of a contract?

b. Why does this doctrine exist?

c. Did the court reach the proper decision in the case you discussed?