Promissory estoppel - Study guides, Class notes & Summaries

RPTM 390 exam 3 Question and answers rated A+ RPTM 390 exam 3 Which of the following is not a source of contract law? - correct answer statutory law This type of contract refers to an exchange of promises between parties. - correct answer bilateral contract Which of the following contracts are NOT required to be in writing in order to become legal. - correct answer sale of goods under $100 Technically, oral contracts are legal contracts - correct answer true Acceptance mu...

a decision made in the 14th court of appeals is (blank) authority in a state trial court in AUstin - Persuasive A lump sum contract between an owner and GC includes the GC's A) Overhead but not profit B) Profit but not Overhead C) Profit and Overhead D) Neither Profit nor overhead - C) Profit and Overhead A non-party to a contract can be sued in Texas for tortious interference with a contractual relationship between the parties to the contract T/F - True A required element of a promiss...

CHAPTER 12- RESIDENTIAL MORTAGESWhich legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? (a) Promissory note (b) Contract (c) Lien (d) Mortgage - correct answer (a) Promissory note What is the function of a mortgage? (a) It conveys title to real property. (b) It secures the repayment of the debt. (c) It creates a personal pledge to repay a loan. (d) It creates a lien on the mortgagee's...

Role of Law in Society Law helps us settle disputes and regulate activity. Stare Decisis Latin for "let the decision stand". Common law Consists of case decisions. Is also called case law or judge-made law. Statutory Law Laws written and passed by legislature and signed by executive. Administrative Law Regulations produced by Federal Agencies. Treaties Agreements between US and foreign country negotiated by president and effective when ratified by 2/3 V...

An offeree's response to an offer in which the offeree rejects the original offer and at the same time makes a new offer is a: a. cancellation. b. revocation. c. withdrawal. d. counteroffer. correct answers d. counteroffer. Termination of an offer by operation of law can occur due to which of the following? a. Frustration of purpose b. Bankruptcy proceedings c. Lapse of time d. All of these answers are correct. correct answers d. All of these answers are correct. In contract l...

Agency relationship - When a person or company (agent) agrees to act for or in place of another person or company (principal) What are three qualities in an agency relationship? - 1. The principal creates authority in an agent 2. The agent receives authority and carries out the principal's instructions 3. Third parties make a contract or are involved in a tort with the agent What is the result of an agency relationship? - The principal is bound by the agents acts with a third party Unive...

2024 NALA CERTIFIED PARALEGAL EXAM TERMS AND CONCEPTS!!

A bid is a written offer to perform and is not binding until accepted T/F? - True A condition precedent is A) evidence of prior dealings between the parties proving one is entitled to payment B) A legal term concerning personal injury claims C) an act or event that must take place to trigger an obligation D an illness suffered by all lawyers - C) an act or event that must take place to trigger an obligation A covenant not to compete, also known as a "non-competition agreement" is never e...

Payne v. Western & Atlantic Railroad Co resulted in definition of at-will employment exceptions to at-will employment contracts, statutes, public-policy, duty of good faith and fair dealing, promissory estoppel, and fraudulet misrepresentation statutory exception to at-will employment employees may not be terminated for discriminatory reasons as established by legislation designed to protect employee rights public policy exception to at-will employment employees may not be terminated be...