Promisee Study guides, Class notes & Summaries

Don enters into a contract with Eve, who claims to have access to a stock-trading algorithm that will multiply an investment many times over. When the results do not match this promise, Don learns that Eve does not have access to any unique software and files a suit, alleging fraud. Proof of an injury is required to - A; recover damages. A major-league baseball team based on the North side of Chicago is in the playoffs and doing well. Behind the left-field wall there is an apartment buildin...

LEGL 2700 Roessing Exam 2 Questions and Answers 2024. Promise - correct answer A commitment or willingness to be bound to a contract obligation Uniform Commercial Code (UCC) - correct 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 - correct answer Tangible (touchable), movable personal property Bilateral Contract - correct answer Promise in exchange for a promise Involves...

AIC 301 Test Exam Questions Marking Scheme A legally enforceable agreement between two or more parties. - Answer -contract The party to a contract making a promise. - Answer -Promisor The party to a contract to whom a promise is made. - Answer -Promisee The relationship that exists between the parties to a contract. - Answer -Privity of contract A person who is not a party to a contract but who benefits from it and has a legal right to enforce the contract if it is breached by eit...

Pursuant to a contract, a landscaper performed $30,000 of landscape work for a homeowner. By coincidence, the homeowner and the landscaper were involved in an automobile accident that was unrelated to the landscape work. The homeowner was injured in the accident and sued the landscaper in federal district court for negligence, seeking $100,000 in damages. The homeowner and the landscaper are citizens of different states. May the landscaper assert and maintain a counterclaim against the homeowne...

Inchoate contract correct answers Partially completed or imperfectly formed contract enforceable contract elements correct answers verbal contracts correct answers are enforceable These groups have their own standard form construction contracts correct answers AGC, AIA, EJCDC construction contract can also be described as correct answers a relational contract Expectation Damages correct answers damage award includes the profit the contractor would have made had the contract been ...

Assignments and Delegations: Bring 3ps into K as partiesDonne Bénéficiaire they are donating something of value (don't owe anything ahead of time) Creditor Beneficiare creditor beneficiary is a beneficiary between A and B, C is waiting. Usually when they bring in someone they owe money to, into the contract Intended Beneficiary has the power to sue for breach (Insurance contract) Unintended Beneficiary parties that benefit from the contract between A and B, but it wasn't f...

Express Actual Authority: - ANSWERSAuthority explicitly given to the agent through the principal's written or oral instructions Implied Actual Authority: - ANSWERSauthority to do what is usual, customary and necessary to accomplish the action. No express agreement Apparent Authority: - ANSWERSsomeone reasonably believes an individual has the authority to act on the behalf of the government Delegation of authority: - ANSWERShe FAR and states that each authority is delegable unless speci...

NALA Certified Paralegal Exam Terms And Concepts Questions And Answers Rated A+. Estate administration - correct answer.The process in which a decedent's personal representative settles the affairs of the decedent's estate (collects assets, pays debts and taxes, and distributes the remaining assets to heirs); the process is usually overseen by a probate court. inter vivos trust - correct answer.A trust created by the grantor (settlor) and effective during the grantor's lifetim...

UNCW BLA 361 Exam 2 With 100% Correct And Verified Answers 2024 promise - Correct Answer-a declaration that binds the person who makes it. Promisor - Correct Answer-a person who makes a promise Promisee - Correct Answer-a person to whom a promise is made. contract - Correct Answer-a set of promises constituting an agreement between parties, giving each a legal duty to the other. offeror - Correct Answer-a person who makes an offer offeree - Correct Answer-a person to whom an offe...

Elements of a binding contract correct answers1 .An offer must be made. 2. An acceptance must be given. 3. Something of value must be exchanged (consideration) When is a contract not enforceable? correct answers"illegal," Fraud, Minor Quasi-Contract (unjust enrichment) correct answers- Not necessarily a contract, but enforceable - A party confers a benefit that the second party accepts, would be unjust for the acceptor to keep benefit without paying. Promissory Estoppel correct ans...