Course Number Section
BUS 115-04 Business Law I
Business Law I
M, 6:00 8:40 pm
OC # 252
RED090, ENG090, ENG090A
Consideration and Promissory Estoppel.
1. Consideration something of a legal value given in exchange for a promise.
a. Requirements of Consideration.
i. Legal value the promisee suffers a legal detriment or the promisor
receives a legal benefit.
Genuineness of Assent and Undue Influence.
1. Mistake occurs where one or both parties to a contract have an erroneous belief about
the subject matter, value, or some other aspect of the contract.
a. Unilateral Mistake a mistake in a contract only by one
Capacity and Legality
1. Minors do not have maturity, experience, or sophistication needed to enter into
contracts with adults. Age of majority 18 y.o. for most states.
a. Infancy Doctrine gives minors the right to disaffirm most contracts they have
1. Agreement voluntary exchange of promises between two or more legally competent
parties to do, or refrain from doing an act. Mutual assent required.
2. Offer the manifestation of willingness to enter into a bargain, so made as to justify
Chapter 4 Outline.
Constitutional Law for Business and E-Commerce.
Constitution of the United States of America federal government and Articles of
Confederation; Federal Congress of 13 new states with limited powers; creates 3 branches of
Chapter 3 Outline
Judicial, Alternative, and E-Dispute Resolution.
1. Pretrial Litigation Process bringing, maintaining and defense of a lawsuit.
a. Pleadings paperwork that is filed to initiate a lawsuit.
i. Complaint and Summons complaint in a proper co
Nature of Traditional and E-Contracts.
1. Definition of a Contract A contract is a promise or a set of promises for the breach of
which the law gives the remedy or the performance of which the law in some way
recognizes a duty. (Cheeseman 149).
Chapter 2 Outline.
Courts and jurisdiction.
1) State Court Systems.
a) Limited-Jurisdiction Trial Courts inferior trial courts; specialized small courts.
b) General-Jurisdiction Trial Courts courts of record; recorded testimony and evidence.