MOS 2275 Biz Law Chapter 8 Notes.docx.docx.docx

2 Pages

Management and Organizational Studies
Course Code
Management and Organizational Studies 2275A/B
Cristin Keller

This preview shows 80% of the first page. Sign up to view the full 2 pages of the document.
 9. no you cannot  10. if an acceptance is sent via email, when is it effective? When it is communicated  11. when it’s put in the mailbox. Does that happen before or after the luncheon? Because when does the offer is accepted at the luncheon?  when it is communicated  11. can you revoke an offer? Yes as long as it hasn’t been accepted  * you can only sue if it was a breach of contract. Can’t sue someone who has given you a gift.  12 and 13 are both examples of promisory estoppel   PROMISORY ESTOPPEL ON THE EXAM****   Mistake – One or both parties made mistakes  no consensus   A. one party makes mistake (unilateral mistake)   GENERAL RULE: (99 percent there is no remedy)  Caveat emptor “Let the buyer beware”  REMEDY:  = No remedy  General rule is that there is no remedy because you are responsible to check into it yourself   Exception: Types of Misrepresentation (false statement of fact, induced me to contract)  1. fraudulent  lie  they lied to you they know it was a lie.  Remedy: rescission; tort action   Rescission (equitable remedy)  will resend the contract  only available if:  1. victim has clean hands  if you really did not know  2. contract not affirmed  3. possible to restore (not damaged/destroyed) 
More Less
Unlock Document

Only 80% of the first page are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.