MGMT 520 Midterm new v1

1.Write a contract. List all six elements as it applies to your contract. Next, breach the agreement. Finally, assess damages. (Points : 30)

2. What constitutes a breach of contract? What are the purposes of
damages? Discuss the following types of damages and their
application in a breach of contract:
Compensatory damages
Nominal damages
Punitive damages
Liquidated damages
Specific performance

3. In the famous landmark case of Lucy v. Zehmer, the court held in favor of Lucy. Do you agree with this decision? Why or why not? If it could be proven Lucy knew Zehmer was bluffing, would this make a difference in your decision?

4. Discuss the doctrine of respondent superior. Why do we recognize respondent superior? Do you believe the application of respondent superior is too broad or too narrow?

5. What are the sources of criminal law in the United States? Please define and present an example for each source.