Quasi contract - Study guides, Class notes & Summaries

Administrative Agency - Answer ️️ An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch Function is usually characterized as quasi-legislative or quasi-judicial Quasi-legislative - Answer ️️ Describes the rule-making functions of administrative agencies Quasi-judicial - Answer ️️ Administrative actions involving factual determinations and the discretionary application of rules an...

Definition of a Contract - ️️Total legal OBLIGATION which results from the parties' agreement. Requirements for a Valid Contract - ️️1)Agreement between Parties, 2)Agreement supported by Consideration, 3) Legal Capacity of the Parties, 4)Legal Purpose, 5) Agreement in the Proper form. 3 Kinds of Contracts - ️️Express, Implied Quasi Express Contract - ️️Agreement of the Parties manifested by their words, whether spoken or written. Implied Contract - ️️When people ...

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...

Contract Law for Paralegals Exam Questions and Answers 100% Pass What is a contract? -Answer-a contract is a legally enforceable agreement composed of a promise or promises that have been agreed on and that create both rights and duties for the parties to the agreement. Requires: - mutual assent, - consideration, aka "bargained-for exchange of promises", and - no defenses to formation. (#1, 8) . What law applies to: Services Land Goods -Answer-• common law (state case law) for se...

The term "consideration" in relation to contracts involves parties acting in an ethical manner. - ANSWERSfalse The Restatement (Second) of the Law of Contracts is not actually the law itself. - ANSWERStrue Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree. - ANSWERStrue Today, courts hold that once an offeree begins performance on a unilateral contract, the offeror must hold the offer open for a reasonable time to allow the o...

Business Law Final Exam Review [100% PASS] /verified/ The term "consideration" in relation to contracts involves parties acting in an ethical manner. *Ans* False The Restatement (Second) of the Law of Contracts is not actually the law itself. *Ans* True The response that the offeror expects from the offeree determines whether a contract is bilateral or unilateral. *Ans* True Quasi-contracts are actual contracts. *Ans* False If a quasi-contract is imposed, the amount of damages for a...

The term "consideration" in relation to contracts involves parties acting in an ethical manner. - ANSWERSfalse The Restatement (Second) of the Law of Contracts is not actually the law itself. - ANSWERStrue Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree. - ANSWERStrue Today, courts hold that once an offeree begins performance on a unilateral contract, the offeror must hold the offer open for a reasonable time to allow the o...

LEGL 2700 Roessing Exam 2 Questions and Answers Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states adopt a uniform law Purpose is to simplify, clarify, and modernize the laws governing commercial transactions Goods - Answer ️️ Tangible (touchable), movable personal property Bilateral Contract - Answer ️️ Promise in exchange for a promise Involves promisor ...

Law 3220 Clemson Exam 3 – Jahn (2023/2024) Already Passed 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...

LEGL 2700 Roessing Exam 4 Questions and Answers Administrative Agency - Answer ️️ An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch Function is usually characterized as quasi-legislative or quasi-judicial Quasi-legislative - Answer ️️ Describes the rule-making functions of administrative agencies Quasi-judicial - Answer ️️ Administrative actions involving factual determinatio...