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LEGL 2700 - UGA Gunton (Chapter 9) | Latest Update | 2024/2025 | 100% Pass $9.71
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LEGL 2700 - UGA Gunton (Chapter 9) | Latest Update | 2024/2025 | 100% Pass
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LEGL 2700 - UGA Gunton (Chapter 9) | Latest Update | 2024/2025 | 100% Pass What is quasi-contract and when does it apply? A quasi-contract is an obligation imposed by law to prevent unjust enrichment, even when no actual contract exists. What is executory contract? An executory contract...

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  • September 4, 2024
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  • 2024/2025
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LEGL 2700 - UGA Gunton (Chapter 9) |
Latest Update | 2024/2025 | 100% Pass
What is quasi-contract and when does it apply?


✔✔ A quasi-contract is an obligation imposed by law to prevent unjust enrichment, even when

no actual contract exists.




What is executory contract?


✔✔ An executory contract is one in which some or all of the terms have not yet been performed

by one or both parties.




What does implied in fact contract mean?


✔✔ An implied in fact contract is formed by the actions or conduct of the parties, rather than

written or spoken words.




What is the doctrine of impossibility?


✔✔ The doctrine of impossibility excuses a party from performing a contract if an unforeseen

event makes performance objectively impossible.




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, What is exculpatory clause?


✔✔ An exculpatory clause is a provision in a contract that relieves one party from liability for

certain types of damages or losses.




What is material breach?


✔✔ A material breach is a significant violation of a contract that undermines the contract’s

purpose and allows the non-breaching party to terminate the agreement.




What is substantial performance?


✔✔ Substantial performance occurs when a party fulfills most of the contract terms, but may

have deviated slightly from the agreement.




What does implied in law contract refer to?


✔✔ An implied in law contract, or quasi-contract, is created by a court to prevent unjust

enrichment when no formal agreement exists between the parties.




What is contractual performance under duress?


✔✔ Contractual performance under duress occurs when a party is forced to perform a contract

due to threats or coercion.

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