Business Law – 5/15/09

I.  Bellwork:

Research:  Third Story Music, Inc.  v. Tom Waits

Answer:

  1. What is the consideration for each side?
  2. If Warner had not promised the royalty payments, would the court have found consideration present? Explain
  3. If the promise of royalty payments had not been made, would the court have still found for Warner?  Why?

II.  Classwork: Search the Internet for a case involving Promissory Estoppel.

  • Identify the parties involved.
  • Summarize what is being disputed.
  • List what condition the case meets to involve Promissory Estoppel.- Research the conditions.


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