COVID-19 INDUSTRY EFFECTS

As we are aware, the COVID-19 worldwide pandemic has affected all of our lives and many businesses. As the number of cases of COVID-19 continue to fall, both our personal and business lives are returning to some level of normality. However, we had to adjust to many things during the pandemic that are likely to continue after the pandemic.

Practices such as working from home, families leaving large cities, using technology to communicate rather than face-to-face meetings, shopping more online, and using alternate modes of travel such as auto and RVs are some practices and trends that are likely to continue at some level.

These changes and others will have a long-term effect on many industries.

Identify a trend that grew out of our adjustment to life and work during the pandemic that is likely to continue.

Discuss why you believe the trend is expected to continue.

Identify an industry that is positively affected by the trend and explain how;

identify an industry that is negatively affected by the trend and explain how.

If you were a company manager in an industry that is negatively affected, what actions would you take to minimize the negative effects?

Typically, contracting
parties reach mutual assent using a combination of

O A. an invitation to negotiate and an
acceptance

O B. an offer and promissory estoppel

O C. an invitation to negotiate and an offer

O D. an offer and an
acceptance

Which of the following provides that the
acceptance of an offer is generally effective upon dispatch of the acceptance
when sent in a commercially reasonable manner, and not when the acceptance is
received by the offeror? O A. The mailbox rule

O B. The promissory
estoppel doctrine

OC. The mirror image rule

O D. The commercial
dispatch rule

Which of the following is the legal rule used
by courts to protect parties who may lack the ability to understand the terms
of an agreement?

O A. Capacity

OB. Unilateral mistake

O C. Consideration

O D. Promissory estoppel