Essays on Disaffirm

The contract entered by the 17-year-old son, who is a minor with Don is voidable. The contract can be invalidated on the ground that the contract of sale that was entered between him and Don can be annulled since the son is only a minor and he was not the designated representative of the company. Hence, once the contract is nullified, the effect is that it is as if there is no agreement at all. This is due to the fact that the minor cannot represent the company since there is no board resolution to empower him to enter the contract.

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In the case of Bart, he has the right to file claims against his employer Bill, Barney and Ruby for damages. In the case of Bill, he is liable under the doctrine of promissory estoppel known as “detrimental reliance” where an individual who has reasonably and substantially relied on the promise of another can acquire some measure of recovery (Miller, 2013, p. 173). The doctrine of promissory estoppel permits a party to recover a promise even if the same was made without any consideration in order to promote the interest of equity and justice by enforcing the contractual obligations. The purpose ...

20-8: A Question of Ethics New Orleans Paddlewheels, Inc. (NOP), is a Louisiana corporation formed in 1982, when James Smith, Sr., and Warren Reuther were its only shareholders, with each holding 50 percent of the stock. NOP is part of a sprawling enterprise of tourism and hospitality companies in New Orleans. The positions on the board of each company were split equally between the Smith and Reuther families. At Smith’s request, his son James Smith, Jr. (JES), became involved in the businesses. In 1999, NOP’s board elected JES as president, in charge of day-to-day operations, and Reuther as chief ...