According to the Chapter 7 Opening Case, Google's Acquisition Strategy

question 160

True/False

According to the Chapter 7 Opening Case, Google's acquisition strategy is different than Microsoft in that Google usually acquires earlier-stage companies such as YouTube.

Explain the role of quantum meruit in contract law.

Appreciate the balance between the freedom of contract and legal constraints.

Understand the principle of promissory estoppel and its relationship with the concept of consideration in contract law.

Analyze the limitations and conditions under which promissory estoppel is available as a defence or claim in contract disputes.

---

Definitions:

Trade Surplus

A condition where a country's exports exceed its imports, indicating a positive balance of trade.

Exports

Products or services shipped from one nation to another for the purpose of being sold or exchanged.

Trade Deficit

A situation where a country's imports exceed its exports, leading to net outflow of domestic currency to foreign markets.

Exports

Goods or services sent from one country to another for sale or trade, contributing to a country's economy.