Quasi contract - Study guides, Class notes & Summaries

MIE 305 Final Exam Latest Update with Verified Solutions Contract a promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in court." primarily state based common law contract elements -Agreement: the parties agree to the exchange of legal detriment as to each other -Bargained-for con...

contract law correct answers a system of rules for enforcing promises and breaking promises contract law gives extent to which promises correct answers 1. Are legally enforceable 2. consequences of breaking the promises societal level contracts correct answers provide a legal environment conductive to voluntary exchanges individual level contracts correct answers 1. the facilitation of mutually beneficial exchange 2. allocation of risks 2 functions of contracts correct answers 1. p...

contract - Answer ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Answer ️️ most important example of state-based legislation impacting contract law goods - Answer ️️ tangible, movable items of personal property bilateral contract - Answer ️️ an agreement containing mutual promises unilateral contract - Answer ️️ an agreement with only one promise, and only one party is committed to perform; seeks an action rather than a promise in ...

LEGL 2700 Chapter 3 – Roessing Exam Questions and Answers contract - Answer ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Answer ️️ most important example of state-based legislation impacting contract law goods - Answer ️️ tangible, movable items of personal property bilateral contract - Answer ️️ an agreement containing mutual promises unilateral contract - Answer ️️ an agreement with only one promise, and only one party is c...

Contract Law for Paralegals Final Exam with Complete Solutions Already Passed 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 c...

LEGL 2700 Roessing Test 3 Questions and Answers contract - Correct ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Correct ️️ most important example of state-based legislation impacting contract law goods - Correct ️️ tangible, movable items of personal property bilateral contract - Correct ️️ an agreement containing mutual promises unilateral contract - Correct ️️ an agreement with only one promise, and only one party is committed...

LEGL Roessing Test 4 (chp 14, 15, 20, COVID-19) Questions with correct Answers Administrative agency - Answer ️️ An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch. function usually is characterized as quasi-legislative or quasi-judicial. Administrative law - Answer ️️ The legal principles involved in the workings of administrative agencies within the regulatory process. Adminis...

Don enters into a contract with Eve, who claims to have access to a stock-trading algorithm that will multiply an investment many times over. When the results do not match this promise, Don learns that Eve does not have access to any unique software and files a suit, alleging fraud. Proof of an injury is required to - A; recover damages. A major-league baseball team based on the North side of Chicago is in the playoffs and doing well. Behind the left-field wall there is an apartment buildin...

Business Law Final Exam Review [100% PASS] /verified/ The term "consideration" in relation to contracts involves parties acting in an ethical manner. *Ans* False The Restatement (Second) of the Law of Contracts is not actually the law itself. *Ans* True The response that the offeror expects from the offeree determines whether a contract is bilateral or unilateral. *Ans* True Quasi-contracts are actual contracts. *Ans* False If a quasi-contract is imposed, the amount of damages for a...

PVL3702 Assignment 2 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references .............. Question 1 Answer saved Marked out of 1.00 Flag question Question text Gary points a loaded gun at Pete, and orders him to sign a written contract. Gary explains that the document is for the sale of Pete’s car to him (Gary), at a price of R50 000 which is far below the market value of the car. Pete, fearin...