Business Law – 5/15/09
I. Bellwork:
Research: Third Story Music, Inc. v. Tom Waits
Answer:
- What is the consideration for each side?
- If Warner had not promised the royalty payments, would the court have found consideration present? Explain
- 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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