Having been introduced to some basic corporate law concepts, we turn our attention to understanding some basic contract terms this week. Your focus should be on understanding what elements are needed to form a valid contract. Also, you need to understand the difference between contracts, promissory estoppel and quantum meruit. Although you may not realize it, you enter contracts of these types almost daily.
To that end, you are to read Chapter 4 – pages 93-99 and Chapter 6 – pages 129-138 in the course text (Emerson, W.R.J.D. (2015). Business Law (Barron’s Business Review). Barron’s Educational Services; Sixth edition).
Assignment:
In form of an essay, talk about what element are needed to for a valid contract. Also, the difference between contracts, promissory estoppel and quantum meruit.
Papers should be double spaced and at least 4 pages
Finally, you are reminded to use information that is contained in Chapter 4 and 6 of the course text
NB: All Your answers should have quotes from the book and provide a citations ( use as many citations as possible)
NB: i HAVE ATTACHED AN IMAGE OF THE BOOK YOU HAVE TO USE
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