Essays on Calamari

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The doctrine of promissory estoppel is a law provision in which one party compensates another in case it fails to honor a promise that was legally binding. The compensation is subject to the legally of the contract and the degree under which the party promised relied on the promise (Calamari, 2011). This is to mean that the doctrine can take the course even if there was no signed contract. In most cases this doctrine applies if a party makes a false statement to another and the party promised relies on that case. The guiding principle, in this case, is ...

When a breach of contract occurs, there must be a remedy of damages. This is the payment in one form or the other for a breach of contract by the breaching party, to the non-breaching party. There are various kinds of remedies, which include; Compensatory damages, Punitive damages, and Liquidated damages. In the law of contract, when a breach of contract occurs, the non-breaching party has to do all he/she can in order to minimize, the damages caused by the breach (Calamari and Perillo 45). However, some contracts contain provisions that specify a certain sum of money that is payable by the breaching party, ...

Knarles and Barkley Case Study

Liabilities under Contract Law Chetum vs Knarles & Barkley Fact: Knarles wants to repudiate a contract between Chetum and Barkley.

Issue: Breach of contract. Chetum entered into a contract with Barkley that Knarles, Barkley’s father and business partner, refuses to accept. Does Knarles repudiation of the contract constitute a breach of contract?

Rule of Law: A contract must have the following elements in order to be enforceable: (1) mutual consent, manifested by offer and acceptance, (2) consideration, (3) legality of object, and (4) capable parties (Calamari and Perillo, 1998). Application: Barkley sent a contract (offer), which Chetum signed (acceptance), ...