BUS 207 Lecture Notes - Lecture 8: Quasi, Estoppel
Document Summary
Talked about the steps in litigation when filing. Con - trust disappears (meaning people/corps eventually die/disappear) Another con if one contract breaks up, it affects other people in a chain reaction, so we. Pro of contracts - to get people to pay the money they owe you before they die. Another pro - brings predictability and stability/consistency in the economy. Helps us bargain in the shadow of the law need to set up our economy/business relations so we have a back up. Applicable when the economy crashes and the promise had already been. Breach of contract and fraud since you did not hold up to your promise and you accepted actually have less money than you initially told us. Make $ to win/gain a competitive advantage. Promoter would check in to make sure there would be no more brown. Brown m&ms came up due to sinking of stage into rubberized floor. Ended up trashing over 0. 5 mil in m&ms.
