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  1. Read the summary of Case 14.1, Turner Broadcasting System, Inc. v. Mc David in Chapter 14 of your text. Should business people be bound to their oral word? Why or why not? Support your conclusion with references to the concepts discussed in your text.
  2. What are the challenges in being able to prove an oral contract?
  3. What is mitigation of damages? Why does the law impose a duty on the non breaching party to mitigate damages?
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Solution Preview

I firmly believe that business people should be bound their oral words. It’s a necessity to mitigate the risk of unnecessary loss another party might have to experience if a businessman backs out. As mentioned in the case, parties in negotiations first reach an oral agreement, then only can provide definite terms of the contract to 

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