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

Busnisse law of nature final exam - Essay ExampleThe above scenario can therefore be discussed under promissory estoppel which is a judicial law that requires the promisor to honor his or her promise to the promisee. The board in its meeting passed a finality which was based on a promise about paying constant $3000 per month as bonus as a sort of reward after he retires. The pension promise is implemented whole for a period less than two years of which he was in good health. The new chairperson therefore stopping his pension payment despite it having been recorded by the board is nothing brusque of a breach of a promise.It can be argued that the real reason the pension was stopped was because Faithful became ill and hence was thought to therefore be in no position to assist the ships company in any way despite him being retired and would therefore be more of a indebtedness than an asset. According to the promissory estoppel, even though it is not legally binding in the sens e of a contract with mutual consent, the promisor still has to honor the promise made to the promisee no matter the situation. The tourist court can therefore demand the company to continue paying Faithful the promised pension whether he is sick(p) 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 nonperformance defense in the law of tort because of the newly enforced law in the state of eastside Colombia. According to him, he thought that the mower manufacturer and even seller had honored and implemented the law and hence he was sure it was safe for him to reach under the mower once he apply the brakes on it. In order 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). ent irely these conditions have been