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BLAW 341 Final Exam Kaplan Questions and Answers 100% Solved | Graded A+ $11.99
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BLAW 341 Final Exam Kaplan Questions and Answers 100% Solved | Graded A+
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BLAW 341 Final Exam Kaplan Questions and Answers 100% Solved | Graded A+ Mitigation of Damages - A rule requiring a plaintiff to have done whatever was reasonable to minimize the damages caused by the defendant. Violations of Statutes - This means that if there is a state law that says you ca...

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  • December 21, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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BLAW 341 Final Exam Kaplan Questions

and Answers 100% Solved | Graded A+


Mitigation of Damages - ✔✔A rule requiring a plaintiff to have done

whatever was reasonable to minimize the damages caused by the

defendant.

Violations of Statutes - ✔✔This means that if there is a state law that says

you cannot do something, you cannot enter into a contract to sell it.

Licensing Statutes - ✔✔Every jurisdiction has laws requiring a license for

those who engage in certain trades, professions, or businesses

Revenue License - ✔✔Does not seek to protect against incompetent or

unqualified practitioners but serves simply to raise money

Alcoa Concrete & Masonry v. Stalker Bros. - ✔✔There were these

contracts. The stalker bros hire a concrete to do work for them. Well pay

them 50,000 dollars to pour concrete and they go back to stalker brothers

and they go to the job and pay us. The bros said that they are unlined and

said that they were not going to pay. Alcoa was unlicensed but they were

required to pay them. As an expert in the field, they should have known.

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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

,Gambling Statutes - ✔✔Every single state has legal and illegal gambling.

Casinos and lottery are legal. If we enter into a contract with this fuel sports

deal it is binding.



Some states have regulated gambling

Lottery

Horseracing

Casinos

Sports Betting

Usury Statutes - ✔✔a law establishing a maximum rate of permissible

interest for which a lender and borrower of money may contract

Violations of Public Policy - ✔✔You cannot violate public policy. If a

contract forces someone to eat ham who does not eat ham, it would be a

violation to public policy.

Common Law Restraint of Trade - ✔✔Restraint of trade is any contract or

agreement that eliminates or tends to eliminate competition or otherwise

obstructs trade or commerce




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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

, the law loves free markets. Courts really do not like it when there is a

contract that restains trade.

Covenant Not to Compete - ✔✔A contractual promise of one party to

refrain from conducting business similar to that of another party for a

certain period of time and within a specified geographical area.

Exculpatory Clauses - ✔✔release a party from liability in the event of

monetary or physical injury no matter who is at fault. Even if the party was

negligent.

What does Exculpatory Clauses not cover? - ✔✔Recklessness, intentional

damages.

Unconscionable Contracts - ✔✔unfair or unduly harsh agreements are not

enforceable

Adhesion Contracts and Unconscionability - ✔✔Adhesion contracts are

written exclusively by one party and presented to the other party on a take-

it-or-leave-it basis.

Procedural Unconscionability - ✔✔unfair or irregular bargaining

Substantive Unconscionability - ✔✔oppressive or grossly unfair contractual

terms




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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

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