Examen
BMAL-590 week 1 module 2 section 2 questions well answered
- Grado
- Institución
BMAL-590 week 1 module 2 section 2 questions well answered
[Mostrar más]Vista previa 2 fuera de 8 páginas
Vista previa 2 fuera de 8 páginas
Añadir al carrito
Añadir al carrito
Vendedor
Seguir
BravelRadon
Comentarios recibidos
Vista previa del contenido
BMAL-590 week 1 module 2 section 2statute: - correct answer ✔✔law made my legislature
bilateral contract: - correct answer ✔✔promise is exchanged for a promise.
Example: I promise to sell you my house for $50,000; you promise to buy my house for $50,000.
unilateral contract: - correct answer ✔✔there is only one promise, which is exchanged for an action.
Example: I promise to pay you $20 to mow my lawn. You don't promise to mow the lawn, you accept my
offer by the action of mowing my lawn.
contract common components: - correct answer ✔✔Offer + acceptance = agreement
Consideration (bargained-for exchange)
Capacity
Legal purpose
usury statutes: - correct answer ✔✔place a limit on the interest that can be charged on loans.
promissory estoppel: - correct answer ✔✔There was a promise.
The aggrieved party was justified in relying on the promise.
The consequences were foreseeable, and
The aggrieved party suffered an injustice.
For the doctrine of promissory estoppel to apply: - correct answer ✔✔There must be a promise.
, The promise must lead the aggrieved party to follow a course of action that would otherwise not have
been taken.
The possible consequences of the action should reasonably be foreseeable by the promisor.
An action taken on the promise would be eligible for some relief only if a failure to provide relief would
result in injustice.
Example: Suppose you live in New York, and have a job interview with a company in Los Angeles. The
hiring manager assures you the job is yours (the promise).
You rely on the promise, resign your job in New York and sell your home, and move to Los Angeles. Your
actions are reasonably foreseeable based on the promise of the job.
When you arrive in Los Angeles, the manager fails to hire you. You have suffered an injustice, and may be
able to recover damages (e.g., costs of your move and other losses) under the theory of promissory
estoppel.
unconscionability - correct answer ✔✔one party has enormous bargaining power while the other has
little or no bargaining power.
The procedural part of unconscionability is based on oppression and surprise.
oppression (in unconsciounability) - correct answer ✔✔occurs when there is no opportunity for
meaningful negotiation and one party can simply overwhelm the other.
Suprise (in unconsciounability) - correct answer ✔✔occurs when a provision that is sought to be
enforced is buried inside a large document and couched in language that a reasonable person cannot
understand.
Contracts required to be in writing to be enforced: - correct answer ✔✔Contracts in consideration of
marriage (e.g., prenuptial agreements)
Contracts that cannot be performed within one year (e.g., multi-year leases or employment contracts)
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
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.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now