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Legal Issues:
1. Was there a binding contract between Cardinal and Circo? Most of the terms were agreed verbally and were never reduced to writing beyond a couple of letters.
2. Did Cardinal have the right to cancel its three January trips? Did Circo then also have a right to cancel its reservation, as it claimed was the standard in the Las Vegas hotel industry?
3. Was Cardinal damaged by a breach of contract by Circo? Since Cardinal was a newly started business how could it prove that would have succeeded if the contract were not breached?
4. Was Cardinal required to have an economic expert to prove its lost profits, since it had no definite figures on expenses it saved from not carrying out this work and its claimed profits were speculative? Circo said Cardinal=s business failed because it was just a couple of guys working out of a house with insufficient operating capital.
5. Should the trial judge have reduced or thrown out the amount awarded by the jury as excessive?
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