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Business Law
Name and fully explain the five elements of a legally binding contract. See textbook page 287
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
What is the Mailbox Rule? Provide an example of a business situation under which this rule may be important. See textbook page 326-327
Explain the four elements of Promissory Estoppel. See textbook page 344-345
A contract containing Genuine Assent must demonstrate five characteristics. Set forth and explain each of these five characteristics. See textbook beginning page 321
What is a Fiduciary? Provide an example of a business situation where a Fiduciary relationship is important. See textbook beginning pages 356, 359