Model Assignment:
Multiple Choice / Explain Answer

Business Law L201
The Legal Environment of Business
Quiz #5

Instructions

1. Moe was retiring from Sleaze Corp. after 25 years, and at his retirement party the company president promised to pay Moe a pension of $50,000 per year. Based on this promise, Moe sold his Bloomington home at a loss, took out a mortgage loan to buy a place in Florida, and made the expensive move there. Then Sleaze's president refused to pay Moe's pension. Under what theory can Moe recover damages?

  1. Breach of contract
  2. Promissory estoppel
  3. Quasi contract
  4. Moe cannot recover.

2. Explain below why your answer to question 1 is correct.

Length

Unspecified, but limited by time to several sentences or a short paragraph.