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JD Next Exam Prep With 100% Correct Answers!!!
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JD Next Exam Prep With 100% Correct Answers!!!
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JD Next Exam Prep With 100% CorrectAnswers!!!
Hamer v. Sidway - Key Concept CORRECT ANSWERS Consideration in contract law;
Forbearance as sufficient consideration.
Lucy v. Zehmer - Key Concept CORRECT ANSWERS Objective Theory of Contracts;
Contract enforceability based on outward expressions.
Hawkins v. McGee - Key Concept CORRECT ANSWERS Breach of Warranty; Concept
of expectation damages in medical cases.
Batsakis v. Demotsis - Key Concept CORRECT ANSWERS Adequacy of consideration;
Legal enforceability despite disproportionate consideration.
Kirksey v. Kirksey - Key Concept CORRECT ANSWERS Distinction between legally
binding promises and gratuitous promises; Role of consideration.
Raffles v. Wichelhaus - Key Concept CORRECT ANSWERS Ambiguity in contract
terms; Importance of consensus ad idem.
Wood v. Lucy, Lady Duff-Gordon - Key Concept CORRECT ANSWERS Implied terms
in contracts; Duty to perform for business efficacy.
Illusory Promise - Definition CORRECT ANSWERS A promise that lacks commitment
and does not create a legal obligation due to the lack of mutuality.
Lefkowitz v. Great Minneapolis Surplus Store, Inc. CORRECT ANSWERS
Advertisements as unilateral offers; Conditions for forming contracts via advertisements
Ever-Tite Roofing Corp. v. Green CORRECT ANSWERS Acceptance of an offer by
commencing performance; Determining a reasonable time for acceptance of a contract
Unilateral Contract CORRECT ANSWERS A contract in which only one party makes a
promise or undertakes a performance, often in response to an act by another party.
Consideration CORRECT ANSWERS An essential element of a contract, involving
something of value exchanged between the contracting parties.
Mutuality of Obligation CORRECT ANSWERS A principle that both parties in a contract
must be bound to perform their obligations for the contract to be enforceable.
Breach of Contract CORRECT ANSWERS Occurs when one party fails to perform their
duties as specified in the contract, leading to legal liability.
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