BUSI 561 – Spring D
Emerald Jones I would continue doing business with Marshall as long as we come to an agreement on a new contract. This understanding will provide us clarity on this partnership we are going to continue to have while doing business. Marshall is a good person and I would like to see his company continue to flourish as well as his spirituality. However if Marshall does not agree with the terms of a new contract business between us will cease. There are risks involved with discontinuing business with Marshall as he may file a lawsuit against me for various reasons. If it comes to that some legal defense I may have include; covenants of good faith, minor’s capacity to contract and fraud in the …show more content…
Lastly I believe promissory estoppel damages could be a legal action Marshall takes against my business. As stated by Mary Becker in Hostra Law Review, “with the expansion of promissory estoppel to commercial settings, some commentators argue that expectation damages are, or should be, generally available in commercial cases” (Becker, 1987). Marshall may try to seek damages if I try to stop doing business with him. By no longer doing business with Marshall that could cause a substantial downfall in his company’s annual income and clientele base.
From a spiritual