Business Law

  1. Name and fully explain the five elements of a legally binding contract.
    See textbook page 287
  2. Explain the legal concept of Quasi-contract and Quantum Meruit. Also identify and
    explain the four types of damages for contractual breach.
    See textbook page 294-296
  3. What is the Mailbox Rule? Provide an example of a business situation under which this rule may be important.
    See textbook page 326-327
  4. Explain the four elements of Promissory Estoppel.
    See textbook page 344-345
  5. A contract containing Genuine Assent must demonstrate five characteristics. Set forth and explain each of these five characteristics.
    See textbook beginning page 321
  6. What is a Fiduciary? Provide an example of a business situation where a Fiduciary relationship is important.
    See textbook beginning pages 356, 359