Promissory estoppel Study guides, Class notes & Summaries

A contract may be based on a promise not to do something. (T/F) - True You return a lost dog to its owner. You did not know a reward was being offered for the dog. You do not have a legal right to the reward. (T/F) - True You leave your poodle at a new grooming shop and tell them to wash the dog⎯a $30 service. They do that and also paint the poodle's nails and tie ribbons in his hair⎯these services are an extra $10. You pay them for the wash. What about the extra $10 in services? a. ...

CONTRACT LAW CONSIDERATION & PROMISSORY ESTOPPEL REVIEW NOTESCONTRACT LAW CONSIDERATION & PROMISSORY ESTOPPEL REVIEW NOTESCONTRACT LAW CONSIDERATION & PROMISSORY ESTOPPEL REVIEW NOTES

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4. All of the above Correct Answer-EXAM QUESTION: What are the sources of contract law? 1. UCC 2. Common law 3. State statutory law 4. All of the above D. All of the above Correct Answer-EXAM QUESTION: Adam asks Monica to paint his living room by Sunday. This situation may give rise to a(n): A) bilateral contract B) unilateral contract C) express contract D) all of the above contract Correct Answer-A __________ is a legally enforceable promise. promise Correct Answer-A _______...

John assigned his right to receive a deed from Trudy to Hannah. Contracts assigning deeds are unenforceable. John is relieved from making payment to Trudy. Hannah will be entitled to the deed. John is an assignee. Correct Answer-Hannah will be entitled to the deed. Harry offers in writing to sell Lynn Blackacre. Lynn accepts, thinking that the offer refers to Greenacre. In fact, Harry made the offer thinking that it referred to Greenacre. Either party may rescind the contract because ...

First Class Contract Law (Complete) Notes is applicable to all UK LLB syllabuses outlining: agreement; offer and acceptance, termination of offers and acceptance, certainty and intention to creat legal relations, consideration, promissory estoppel, privity, contractual terms, critical perspectives on contract law and problem-solving, misrepresentation, duress and undue influence, mistake, frustration, termination for breach, damages, remedies for breach and exam revision.

WGU D432 Study Guide for Objective Assessment 2nd Attempt Already Passed Most Common type of business entity Sole Proprietorship Where can a Corporation be sued? Place of incorporation and primary place of business What are 3 components of corporations? Stockholders, Directors, and Officers What is the role of Board of Directors? Set goals, hire officers, oversee operations and finances What are some advantages of Corporations? Limited liability from owners, ease of transfer...

LEB 320F Exam 2 Questions and Answers Already Passed Explain the concept of "promissory estoppel." Promissory estoppel prevents a party from backing out of a promise when the other party has relied on that promise to their detriment. What does "parol evidence rule" entail in contract law? The parol evidence rule prohibits the use of oral or extraneous evidence to alter or contradict the terms of a written contract. When is a "contract of adhesion" likely to be unenforceable...

(CH10) A person who is adjudicated insane Correct Answer-has no capacity to enter into a contract. (CH10) Harry offers in writing to sell Lynn Blackacre. Lynn accepts, thinking that the offer refers to Greenacre. In fact, Harry made the offer thinking that it referred to Greenacre. Either party may rescind the contract because Correct Answer-both parties had a mistaken belief about a material matter in the contract. (CH10) Pamela contracts with Bronwyn to build a house. Pamela specifies in...