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LEGL 4400 Final Exam questions and answers already passed 2024
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LEGL 4400 Final Exam questions and answers already passed 2024
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LEGL 4400 Final Examconsideration - correct answer ✔a bargained for legal detriment and benefit
exchanged between the parties
bargaining - correct answer ✔the OPPORTUNITY to agree as to what will be
exchanged as consideration
legal detriment/forebearance - correct answer ✔doing something one is not
legally or contractually obligated to do or not doing something one legally
could do if one wanted
legal benefit - correct answer ✔the receipt of something to which one is
nothing otherwise legally or contractually obligated
Detrimental reliance - correct answer ✔promisee does something they would
have not done unless the promisor had made the promise
Inadequate as consideration - correct answer ✔PIMPLE G (past
consideration, illusory promise, moral obligation, pre-existing legal obligation,
liquidated debt, gratitious promises)
Adequacy of Consideration - correct answer ✔the legal sufficiency of the
consideration in a contract
Past consideration - correct answer ✔the event being used as consideration
has already taken place
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