Problem 1.
a. What public policy underlies the doctrine of implied-in-law contracts?
b. Is this a "good" or "bad" policy, in your opinion?
Problem 2.
a. Go to https://www.findlaw.com and review the extensive material on contracts. Explain at least 3 ways in which the information contained on this website can assist businesses with issues related to contracts.
b. Provide the specific page link(s) to the Findlaw.com web site that you focused on for your answer to this DQ.
Problem 3. ACME Construction Co., a general contractor, requests bids from subcontractors for work to be done on a hospital building that ACME plans to submit a bid to build. Bob's Electrical Company submits the lowest bid for the electrical work, and ACME incorporates Bob's low bid in its own bid for the general contract. What is the most likely outcome if Bob's later decides to withdraw its bid after ACME has incorporated Bob's bid into the general contract, and ACME sues? Who should win and why?