Promissory estoppel - Study guides, Revision 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....

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

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This document is my exam script for the Contract Law paper on the GDL at The University of Law, which gained a mark of 75% (Distinction). I found that the main barrier to doing well in GDL exams was not knowing how to write in the exams, so I hope this helps :) Each exam was three hours long, made up of three 1 hr questions. This script consists of the three questions I answered (from a choice of six), and my full answers. This exam was taken online. Please note that one single mark was...

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 ...

Requirements for Promissory Estoppel - ️️There is a promise that the promisor should foresee is likely to induce reliance Actual reliance on the promise by the promisee Injustice occurs as a result of the reliance Offer Requirements - ️️Present intent Specificity of terms Communication of offer to offeree Elements of a Contract - ️️Offer Acceptance Consideration Capacity Legality Bodies of Contract Law - ️️Common law Uniform Commercial Code (UCC) Contract - ️️A ...

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...