Quasi contract - Study guides, Class notes & Summaries

LEB 320F Unit 1 - Quiz Questions with Verified Answers What is "contract performance"? Contract performance refers to the fulfillment of the terms and conditions agreed upon in a contract by all parties involved. Define "agreement" in the context of contract formation. An agreement is a mutual understanding and consent between parties regarding the terms of a contract, which includes an offer and acceptance. What does "enforceable contract" mean? An enforceable contra...

In-depth yet succinct revision notes of topics from all Commercial Law Lectures, comprising all relevant cases (key facts, decisions, rules) and relevant statutes, as well as some reference to journal articles and other secondary sources. Can be used for exam revision (multiple choice and/or problem/essay questions) as it contains sufficient information needed, or to accompany your coursework research for various topics in Commercial Law. (Please excuse any typos) Contents: Formation of A...

312. Florida has established three authorized brokerage relationships. Unless otherwise established by agreement, what is the broker's relationship with the public? a. Nonrepresentation b. Single agency c. Dual agency d. Transaction brokerage - Answer- D. Transaction brokerage 242. A broker has been found guilty of mail fraud by a court and sent to jail. The broker's license will: a. Automatically be revoked b. Automatically be suspended c. Probably be revoked because of the con...

LEGL 2700 Roessing Exam 2 Questions and Answers 2024. Promise - correct answer A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - correct answer The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - correct answer Tangible (touchable), movable personal property Bilateral Contract - correct answer Promise in exchange for a promise Involves...

Six Elements of a Valid Contract - * Offer * Acceptance * Consideration * Legal * Capacity * Intent All contracts are either - Bilateral or unilateral Bilateral contract - a promise for a promise Unilateral contract is: - a promise for an act Express contract is: - K where mutual assent of parties is verbal or written Implied contract - K established based on conduct of parties Quasi contract - No K, but courts act as matter of equity to prevent injustice formal contract - K written/...

Promise - Answer-A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - Answer-The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - Answer-Tangible (touchable), movable personal property Bilateral Contract - Answer-Promise in exchange for a promise Involves promisor and promisee Usually made to a specific person Acceptance, then perfor...

LEGL 2700 Roessing Exam 2 Questions and Answers 2024. Promise - correct answer A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - correct answer The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - correct answer Tangible (touchable), movable personal property Bilateral Contract - correct answer Promise in exchange for a promise Involves...

Six Elements of a Valid Contract - * Offer * Acceptance * Consideration * Legal * Capacity * Intent All contracts are either - Bilateral or unilateral Bilateral contract - a promise for a promise Unilateral contract is: - a promise for an act Express contract is: - K where mutual assent of parties is verbal or written Implied contract - K established based on conduct of parties Quasi contract - No K, but courts act as matter of equity to prevent injustice formal contract - K written/...

LEGL 2700 Roessing Exam 2 Questions and Answers 2024. Promise - correct answer A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - correct answer The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - correct answer Tangible (touchable), movable personal property Bilateral Contract - correct answer Promise in exchange for a promise Involves...

CONS LAW Exam Questions with Correct Answers Which group does not have their own standard form construction contracts? A. American Institute of Architects (AIA) B. Associated General Contractors of America (AGC) C. American Institute of Constructions (AIC) D. The Engineers Joint Contract Documents Committee (EJCDC) - Answer-American Institute of Constructions (AIC) A contract ______________________ . (Select one) A. cannot be formed by actions alone B. must be a written document ...