Busnisse law final exam Essay Example | Topics and Well Written Essays - 500 words

Busnisse law final exam - Essay ExampleThe above scenario can therefore be discussed under promissory estoppel which is a legal law that requires the promisor to honor his or her covenant to the promisee. The board in its meeting passed a decision which was based on a promise about paying Faithful $3000 per month as pension as a sort of reward after he retires. The pension promise is employ only for a period less than two years of which he was in good health. The new president therefore stopping his pension defrayment despite it having been recorded by the board is nothing short of a breach of a promise.It can be argued that the real reason the pension was stop was because Faithful became ill and hence was thought to therefore be in no position to assist the gild in any way despite him being retired and would therefore be more of a liability than an asset. According to the promissory estoppel, even though it is not legally binding in the spirit of a contract with mutual consent, the promisor still has to honor the promise made to the promisee no matter the situation. The court can therefore demand the company to continue paying Faithful the promised pension whether he is sick or not and with this ruling, Faithful can recover his promised pension and continue to enjoy it as before.Homeowner is legally liable to be compensated by Better and also Retailer under negligence defense in the law of civil wrong because of the newly enforced law in the state of East Colombia. According to him, he thought that the mower manufacturer and even seller had honored and implement the law and hence he was sure it was safe for him to reach under the mower once he applied the brakes on it. In lay to prove liability and make a strong defense, the plaintiff suing for negligence has to have had a duty of care from the defense, the duty has to have been breached and caused damage to the plaintiff (Miller and Cross, 123). All these conditions have been