Promissory estoppel - Study guides, Revision notes & Summaries

Full revision guide of contract law covering the following topics in depth: -offer -acceptance -certainty -consideration -promissory estoppel -contractual terms -unfair contract terms -mistake and agreement mistake -misrepresentation -misrepresentation remedies -illegality and public policy -duress -undue influence and unconscionability -frustration -discharge of contracts -anticipatory breach -remedies -restitution.

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

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...

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...

Auctions - ️️Treated as invitation. Once negotiation is done there is a contract. Sellers offer people to bid, goes to highest bidder. Offer Parts - ️️1) Objective indication of present intent (reasonable person thinks its a contract) 2) Specificity of Terms 3) Communication of Offer Types of Contracts - ️️Unilateral- 1 party make a promise (punch card) Bilateral- both parties make a promise (renting a facility) Valid Contract - ️️Meets all legal requirements and is enfor...

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...

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...