BUS 311 Week 2 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?