Business Law: Alternative Theories for Enforcing Contracts

Business Law: Alternative Theories for Enforcing Contracts

Assessment

Interactive Video

Social Studies

10th - 12th Grade

Hard

Created by

Quizizz Content

FREE Resource

The video tutorial explores two alternative theories for enforcing promises when no valid contract exists: quasi-contract and promissory estoppel. Quasi-contract applies when one party is unjustly enriched by another's actions without fair compensation, as illustrated by a mistaken delivery of a diamond ring. Promissory estoppel involves enforcing a promise when one party relies on it to their detriment, exemplified by a broken promise from an uncle to support an aspiring artist. Both theories aim to prevent injustice in the absence of a formal contract.

Read more

1 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

Evaluate responses using AI:

OFF