Business Law Final Exam Assignment Example | Topics and Well Written Essays - 1500 words

Business Law Final Exam - Assignment Example This was an interference with prospective contractual relationship. Business usually come up with many schemes for attracting customers, which is a good, part of competition, however it is usually a tort when a business endeavors to improve its place in the market by interfering with another business in an improper and unreasonable way. E-Z acted in an unreasonable and improper way towards Extracto. The court can find proper interference in this case. The existence of an underlying contract is not needed for this tort; however, Emo can show intentional and improper interference by E-Z that prevents the formation of contract between him and a third party- Extracto. Interference with another person contractual relation is tortuous if there is a reasonable likelihood and probability that a contract would have resulted. If Elmo sued Jo and E-Z based on the lies, he would base his claim on theory of tortious interference also known as intentional interference with contractual relation. Th is theory states that improperly interfering with the performance of a contract is a tort. To recover under this theory, Elmo should show that Jo and E-Z acted inappropriately and with no privilege, acted deliberately and with wickedness with the intention to harm-to cost him the job with Extracto, to induce a third party (Extracto) not to go into a business relationship him and caused him financial injury. If Elmo sues Jo over the ad, he would be suing for compensation of damages because of fraudulent or intentional misrepresentation.