Promissory estoppel - Study guides, Class notes & Summaries

Bouton Case (promissory estoppel) - ANS Bouton was tenure prof @Washburn; claimed promissory estoppel against Byers(Father) for breaching promise for inheriting ranch to her. She left tenure to help manage cattle ranch, byers denied 1MM, Bouton filed Prom estop for damages equal to forgone tenure salaries bc she was under promise that she would inherit land upt to 1MM Court orig denied Boutoun, later remanded The courts will enforce a promise that the promisor should reason...

perry binder exam 2 gsu With Solutions 100% Complete Promissory Estoppel/Detrimental Reliance Made a promise...other party relied on it... they were harmed. capacity a person is legally able to enter a contract ( age, state of mind, etc) Legality Contract is legally valid. (void if usury or illegal gambling) usurious Charging interest rate higher than allowed (pawn shop overcharge interest) Intent No mutual-mistake in the contract. If mutual-mistake = no contract

Business Law FINAL EXAM Study Guide 2024/2025 | Fall & Spring Semesters What are the essential elements of a valid contract? Offer, acceptance, consideration, legality, and capacity. stare decisis Doctrine that requires lower courts to adhere to existing case law in making decisions When does the "mirror image rule" apply in contract law? It applies when the terms of the acceptance must exactly match the terms of the offer for a valid contract to be formed. What is the legal ...

Estate administration - ANS The process in which a decedent's personal representative settles the affairs of the decedent's estate (collects assets, pays debts and taxes, and distributes the remaining assets to heirs); the process is usually overseen by a probate court. inter vivos trust - ANS A trust created by the grantor (settlor) and effective during the grantor's lifetime—that is, a trust not established by a will. Assault - ANS Any word or action intended to make anothe...

Contract - A binding agreement that courts will enforce Requirements of a Contract - Mutual Assent, Consideration, Legality of Object, Capacity Express Contract - A contract, the terms of which are stated either orally or in writing Implied-in-Fact - A contract not created by the explicit agreement of the parties, but mutual assent is inferred by acts or circumstances Implied-at-law (quasi-contract) - No contract; Equitable remedy to prevent unjust enrichment Measure of recovery - not cont...

What category of worker do "employment laws" generally cover? correct answers Only cover employees NOT those doing work as independent contractors Control Test--> correct answers used to determine employee vs independent contractor status Factors of "control test" correct answers control questions, financial questions & type of relationship Control Questions: Does employer control.... correct answers when/where is work done? what tools/equipment are used? where are supplies/ser...

BUL3310 EXAM 3 QUESTIONS WITH ANSWERS REV ISED AND UPDATED! exemplary - Answer-What is another term for punitive damages? bilateral - Answer-Bob promised to pave Sue's driveway and Sue promised to pay him $5000 when the work was completed. The contract between Bob and Sue is a __________________contract. mitigate - Answer-Plaintiff's duty to take steps to lessen the damages that result from a defendant's breach of contract is the duty to ______________. true - Answer-Another term fo...

CHAPTER 12- RESIDENTIAL MORTAGES fully solved graded A+Which legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? (a) Promissory note (b) Contract (c) Lien (d) Mortgage - correct answer (a) Promissory note What is the function of a mortgage? (a) It conveys title to real property. (b) It secures the repayment of the debt. (c) It creates a personal pledge to repay a loan. (d) It creates a l...

CA property & Casualty practice exam Questions and Answers 100% Pass Bob is thinking about obtaining insurance because he just found out he needs extensive surgery that will require several days in the hospital. This situation of waiting until the last minute to obtain insurance is known as: - Correct Answer ️️ -Adverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: - Correct Answer ️️ - - Correct A...

Employment law covers ________, but not ________ correct answers Employees independent contractors Test used to determine employee v. IC status correct answers Control Test (most common) Control Test correct answers Traditional IRS test used to distinguish Employees from IC's Control Questions Does the Employer control-- correct answers 1. When/where work is doe 2. Tools and equipment used 3. Who must perform specific work 4. Order or sequence of work tasks Control Test-financi...