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Exam (elaborations)

JD-Next Class Complete Questions With Solutions

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JD-Next Class Complete Questions With Solutions

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  • August 8, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • JD Next
  • JD Next
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JD-Next Class Complete Questions With
Solutions
Contract CORRECT ANSWERS a legally binding agreement

Contract 2 CORRECT ANSWERS A promise/set of promises which the law will enforce

Contract 3 CORRECT ANSWERS Creates rights & obligations that maybe enforced in
the courts

Contract 4 CORRECT ANSWERS the normal method of enforcement is action for
damages for breach of contract, though some cases the court may order performance
by the party in default.

Contracts Arise From: CORRECT ANSWERS (1) Social Relationships (2) Contracts as
exchanges btw parties (3) Contracts as Agreements btw parties (4) Contracts as
expectations of parties

Consideration CORRECT ANSWERS Something of legal value given in exchange for a
promise

Consideration Elements CORRECT ANSWERS (1) Something of legal value must be
given (2) There must be a "bargained-for exchange" (an offer that was accepted).

Estoppel CORRECT ANSWERS A legal principle that bars a party from denying or
alleging a certain fact owing to that party's previous conduct, allegation, or denial.

Past Consideration CORRECT ANSWERS a prior act or performance that does not
support a new contract

Promissory Estoppel CORRECT ANSWERS an equitable doctrine that prevents the
withdrawal of a promise by a promisor if it will adversely affect a promisee who has
adjusted his/her in justifiable reliance on the promise...to his/her detriment

Promissory Estoppel Elements CORRECT ANSWERS (1) Promisor made a promise
(2) The Promisor should've reasonably expected that the promisee would rely on the
promise
(3) The promisee actually relied on the promise & engaged in action or forbearance of a
right
(4) Injustice would result if the promise weren't enforced

Parole Evidence CORRECT ANSWERS evidence of prior negotiations or
contemporaneous agreement introduced in court in order to modify, explain, or
supplement the contract at issue.

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