Devry Business Law for MBA Week 3 Assignment

QUESTION

Q1) How do you view law and the legal system with regard to how your beliefs correspond to a particular school of jurisprudence? Which school do you feel that your beliefs most closely correspond to and why? Illustrate your answer with a specific example or examples.Q2) Why are quasi-contracts needed? Why is it not better to just say that unless parties express or impliedly make a contract, there is no deal?Q3) In many cases an incidental third-party beneficiary suffers a loss that can be directly traced to a party’s breach of contract. Explain why incidental third-party beneficiaries are not able to recover their losses in such situations.Q4) Why did contract law develop for hundreds of years and function well without a Uniform Commercial Code? Why did any need for standardized laws from one jurisdiction to another not get addressed until the beginning of the twentieth century?

ANSWER:

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