Business Law 18 - course

Discussion - Contracts

People enter into agreements, or make promises for promises every day. You have just reviewed the chapters about entering into contracts and the elements. The goal is to create enforceable contracts. You have studied bilateral and unilateral contracts. Sometimes people make promises and the others side performs, then seeks payment. The Court has created theories to allow enforcement, such as promissory estoppel and quasi contract? Is this fair why or why not? (10 points)

An example would be for the court to enforce the following promises:

Chris promises Doreen $40,000 if she graduates from Eagle College. Doreen enrolls in Eagle, attends full-time for four years, and graduates. When Doreen asks Chris for $40,000, Chris says, "I don't re- member promising you $40,000. But if there was a promise, it's not enforceable, because we didn't bargain for it. And even if there was a promise that would otherwise be enforceable, I revoke it now." Will this promise be enforced? What theory would the Court use to enforce this promise? Explain why you believe this theory would work or would not work?(10 points)