Exam (elaborations)
JD-Next Class Flash Cards questions with 100% correct answers rated A+
- Course
- Institution
JD-Next Class Flash Cards questions with 100% correct answers rated A+
[Show more]
Content preview
JD-Next Class Flash CardsContract - correct answer ✔✔a legally binding agreement
Contract 2 - correct answer ✔✔A promise/set of promises which the law will enforce
Contract 3 - correct answer ✔✔Creates rights & obligations that maybe enforced in the courts
Contract 4 - correct answer ✔✔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 answer ✔✔(1) Social Relationships (2) Contracts as exchanges btw parties
(3) Contracts as Agreements btw parties (4) Contracts as expectations of parties
Consideration - correct answer ✔✔Something of legal value given in exchange for a promise
Consideration Elements - correct answer ✔✔(1) Something of legal value must be given (2) There must
be a "bargained-for exchange" (an offer that was accepted).
Estoppel - correct answer ✔✔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 answer ✔✔a prior act or performance that does not support a new contract
Promissory Estoppel - correct answer ✔✔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 answer ✔✔(1) Promisor made a promise
(2) The Promisor should've reasonably expected that the promisee would rely on the promise
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BukayoSaka120. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78121 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now