What is unjust enrichment - Study guides, Class notes & Summaries

What requires the highest level of skill in the collision repair industry and is market driven to a large extent? (Ans- Repairing frame and structural damage. What is betterment/depreciation when referring to collision estimating? (Ans- When items that are subject to wear and replacement, like worn tires, brake pads, batteries, belts, etc. are replaced and the customer is getting something "better" than they had before. Adjustments must be made in the price. What are some of the it...

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...

LAW OF CONTRACT NOTES: Contract as an agreement intended to create enforceable obligations A contract is an agreement between two or more parties. The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforceable as contracts. Legally binding agreements that are not contracts: The ...

Differences between Property and Contract Rights? (2) - Answer-K rights are only enforceable against contracting parties. Property rights are enforceable against the world What concept is the basis for the idea of property rights? - Answer-Exclusion (the power to exclude) Can you occupy possessions? - Answer-Yes. The person who possess "the fox" occupies it Encumbrance - Answer-A burden or charge upon an estate or property, so that it cannot be disposed of without being subject to it. A n...

Contract Law for Paralegals Exam Questions and Answers 100% Pass What is a contract? -Answer-a contract is a legally enforceable agreement composed of a promise or promises that have been agreed on and that create both rights and duties for the parties to the agreement. Requires: - mutual assent, - consideration, aka "bargained-for exchange of promises", and - no defenses to formation. (#1, 8) . What law applies to: Services Land Goods -Answer-• common law (state case law) for se...

LEGL 2700 - UGA Gunton (Chapter 9) | Latest Update | 2024/2025 | 100% Pass What is quasi-contract and when does it apply? A quasi-contract is an obligation imposed by law to prevent unjust enrichment, even when no actual contract exists. What is executory contract? An executory contract is one in which some or all of the terms have not yet been performed by one or both parties. What does implied in fact contract mean? An implied in fact contract is formed by the actions or cond...

Contract Law for Paralegals Exam Questions and Answers 100% Pass What is a contract? -Answer-a contract is a legally enforceable agreement composed of a promise or promises that have been agreed on and that create both rights and duties for the parties to the agreement. Requires: - mutual assent, - consideration, aka "bargained-for exchange of promises", and - no defenses to formation. (#1, 8) . What law applies to: Services Land Goods -Answer-• common law (state case law) for se...

CPCU 530 Exam Questions with Correct Answers Which one of the following best describes equity courts in the United States federal judicial system? - Answer-Modern equity courts in the U.S. federal system are unified with courts of law. Judges, not juries, can use the broad powers of equity to create fair solutions beyond what traditional legal remedies can offer. Physician Betty administered medical services to stroke victim Karl who was unconscious. She provided medication and direction ...

what makes a contract irrevocable? - option contract detrimental reliance what is an option contract? - offeror promises to hold offer open for a special period in exchange for consideration what is determinantal reliance (promissory estoppel)? - 1. If Person A reasonable relies on 2. Person's B promise 3. In a way that causes Person A harm, then 4. Person B is estopped form not fulfilling the promise (Person B has kept the promise) what is partial performance? - form of detrim...

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...