Business Law Test 1 - Legal issues?
Steinberg vs Chicago Medical School
Did the submission of the application and payment of the application fee create a binding
contract that required the school to evaluate his application based solely on its published
admissions criteria, and did the school breach that contract by considering other factors?
Catamount Slate Products, Inc. v. Sheldon
Did the mediation discussions and partial performance by the company. create a binding
settlement agreement, even though no formal written contract was signed as required by the
mediation terms?
Lefkowitz v. Greater Minneapolis Surplus Store
Is a settlement offer still valid and enforceable if the offeree attempts to accept it after an
arbitration award has already been issued?
Sherrod vs. Kid
Does a settlement offer remain open for acceptance after an arbitration award has been issued,
or is it considered revoked by operation of law?
Bouton vs. Byers
Does the doctrine of promissory estoppel apply when a person relies on a promise of future
inheritance to their detriment, and is the promisor liable for damages if they revoke the
promise after the promisee has acted in reliance on it?
Osprey vs. Kelly-Moore
Is a renewal notice validly delivered when it is sent by fax and Federal Express, despite the lease
specifying that the notice may be delivered either personally or by U.S. mail, and the landlord
denies receiving the fax?
New England Rock Services vs. Empire
Is a modified contract enforceable when one party agrees to change the payment terms from a
fixed price to a time and materials basis, but the other party later refuses to pay the agreed
amount under the modified terms?
Berg vs. Taylor
, Can a minor disaffirm a contract, including an arbitration award, despite the terms of the
contract, and is the arbitration ruling enforceable against the minor?
Payroll vs. Yates
Is a non-compete clause enforceable when a former employee begins working for a competitor,
and what factors determine the enforceability of such a clause?
Kobe vs. Scoreboard
Is a contract signed by a minor enforceable after the minor reaches the age of majority, and can
the minor later disaffirm the contract based on their lack of capacity at the time of signing?
Rosewood vs. Catepillar
Is an oral promise to pay for medical services enforceable under the statute of frauds, or does
the requirement for written contracts invalidate such a promise?
Dahann vs. Weiss
Is an oral agreement to assume a mortgage enforceable under the statute of frauds, or does the
requirement for written contracts invalidate such an agreement?
Jenkins vs. Eckherd
Can a lease termination clause be invoked when the conditions of the clause are met, even after
changes in ownership or bankruptcy of involved parties, and does such a termination constitute
a breach of contract?
Arrowhead vs. Park
Is a liquidated damages clause requiring an employee to pay a portion of their salary upon early
resignation enforceable, or does it constitute an unenforceable penalty?
Promissory Estoppel
- A clear and definite promise was made.
- Reliance on the promise by the other party.
- The reliance was reasonable and foreseeable.
- Detrimental reliance—the party who relied on the promise suffered harm or loss as a result.
Statute of Frauds
legal principle that requires certain types of contracts to be in writing and signed in order to be
legally enforceable.
common contracts covered by statue of frauds are...
Steinberg vs Chicago Medical School
Did the submission of the application and payment of the application fee create a binding
contract that required the school to evaluate his application based solely on its published
admissions criteria, and did the school breach that contract by considering other factors?
Catamount Slate Products, Inc. v. Sheldon
Did the mediation discussions and partial performance by the company. create a binding
settlement agreement, even though no formal written contract was signed as required by the
mediation terms?
Lefkowitz v. Greater Minneapolis Surplus Store
Is a settlement offer still valid and enforceable if the offeree attempts to accept it after an
arbitration award has already been issued?
Sherrod vs. Kid
Does a settlement offer remain open for acceptance after an arbitration award has been issued,
or is it considered revoked by operation of law?
Bouton vs. Byers
Does the doctrine of promissory estoppel apply when a person relies on a promise of future
inheritance to their detriment, and is the promisor liable for damages if they revoke the
promise after the promisee has acted in reliance on it?
Osprey vs. Kelly-Moore
Is a renewal notice validly delivered when it is sent by fax and Federal Express, despite the lease
specifying that the notice may be delivered either personally or by U.S. mail, and the landlord
denies receiving the fax?
New England Rock Services vs. Empire
Is a modified contract enforceable when one party agrees to change the payment terms from a
fixed price to a time and materials basis, but the other party later refuses to pay the agreed
amount under the modified terms?
Berg vs. Taylor
, Can a minor disaffirm a contract, including an arbitration award, despite the terms of the
contract, and is the arbitration ruling enforceable against the minor?
Payroll vs. Yates
Is a non-compete clause enforceable when a former employee begins working for a competitor,
and what factors determine the enforceability of such a clause?
Kobe vs. Scoreboard
Is a contract signed by a minor enforceable after the minor reaches the age of majority, and can
the minor later disaffirm the contract based on their lack of capacity at the time of signing?
Rosewood vs. Catepillar
Is an oral promise to pay for medical services enforceable under the statute of frauds, or does
the requirement for written contracts invalidate such a promise?
Dahann vs. Weiss
Is an oral agreement to assume a mortgage enforceable under the statute of frauds, or does the
requirement for written contracts invalidate such an agreement?
Jenkins vs. Eckherd
Can a lease termination clause be invoked when the conditions of the clause are met, even after
changes in ownership or bankruptcy of involved parties, and does such a termination constitute
a breach of contract?
Arrowhead vs. Park
Is a liquidated damages clause requiring an employee to pay a portion of their salary upon early
resignation enforceable, or does it constitute an unenforceable penalty?
Promissory Estoppel
- A clear and definite promise was made.
- Reliance on the promise by the other party.
- The reliance was reasonable and foreseeable.
- Detrimental reliance—the party who relied on the promise suffered harm or loss as a result.
Statute of Frauds
legal principle that requires certain types of contracts to be in writing and signed in order to be
legally enforceable.
common contracts covered by statue of frauds are...
