You Decide

CSI-575 Info Security Law and Ethics

Course weekly assignment

The ideal of this assignment is get student to be familiar with the laws of the United States and to better understand various concept and previsions under which subject matters can be dispute the court of law or outside the court. Therefore student are required to answer the following questions.

1. Can Big Bank’s president rescind the contract? Under what circumstances can a contract be rescinded by either party? What facts have to be alleged and proven? What is the result of a contract that is rescinded?

2. Big Bank’s president also threatens legal action. What potential causes of action could you foresee him bringing in court? Would he be successful? Why or why not? What arguments could Systems Inc. raise in its defense? What are Big Bank’s potential damages?

3. Review the facts provided and the sample contract. What provisions of the contract could you cite to support an argument that it is not in Big Bank's best interest to rescind the contract? What facts could you cite to support an argument that Big Bank should be responsible for some of these issues and/or not in compliance with the contract?

4. In this situation, your company greatly prefers amicable resolution of problems. Would this be true in all contract disputes? In what situations would you decide to move to litigation over amicable resolution, and why?

5. There are three types of contract performance: complete, substantial, and material breach. Describe the differences (and similarities) among the three, and explain some of the legal ramifications for one or more of these types of performances. (For example, what happens if one party performs completely but the other party performs only substantially?) Give examples from outside readings or experiences in your career or personal business life.

6. What are the two most important concepts from this exercise that will help you in future contract...