Unenforceable contract - Study guides, Class notes & Summaries

LEB 320F Exam 2 Questions and Answers Already Passed Explain the concept of "promissory estoppel." Promissory estoppel prevents a party from backing out of a promise when the other party has relied on that promise to their detriment. What does "parol evidence rule" entail in contract law? The parol evidence rule prohibits the use of oral or extraneous evidence to alter or contradict the terms of a written contract. When is a "contract of adhesion" likely to be unenforceable...

An agreement between a buyer and seller giving the buyer the right to purchase a property at a preset price for a given period of time. a. Mutual consent b. Unilateral contract c. Consideration d. Option e. Unenforceable contract - ️️D A "meeting of the minds" a. Mutual consent b. Unilateral contract c. Consideration d. Option e. Unenforceable contract - ️️A A contract that cannot be enforced due to some flaw or other issue in the contract. a. Mutual consent b. ...

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...

2023/2024 Promulgated Contract Forms Champions school of real estate Exam VERIFIED 100% CORRECT Pre-Test 1: 1. Mutual Consent 2. Unilateral Contract 3. Consideration 4. Option 5. Unenforceable contract 1. A "Meeting of the Minds" 2. A contract in which only one party is obligated to perform 3. Something given in exchange for a promise 4. An agreement between a buyer and seller giving the buyer the right to purchase a property at a preset price for a given period of time 5. A contr...

Texas Promulgated Contract Forms final exam with correct solutions. An agreement between a buyer and seller giving the buyer the right to purchase a property at a preset price for a given period of time. a. Mutual consent b. Unilateral contract c. Consideration d. Option e. Unenforceable contract - answerD A "meeting of the minds" a. Mutual consent b. Unilateral contract c. Consideration d. Option e. Unenforceable contract - answerA A contract that cannot be enforced due to some...

Massachusetts Real Estate Exam 2 Questions with Correct Answers Brokers Authority to prepare documents - Answer-Fill in blanks...do not fill in Legal language Expressed vs. Implied Contracts - Answer-Expressed (sellers signing a marketing contract) Implied ( if you bring me a buyer I will pay you 3%) Another example; If you cash a rent check while tenant in sufferage you are implying that you have a lease Executory and Executed Contracts - Answer-Executory (something still remains to be ...

RFBT Contract of Sales Test Bank/268 Questions and Answers 100% Correct RFBT Contract of Sales Test Bank/268 Questions and Answers 100% Correct COVERAGE: Contract of sales Direction: Read and select the best answer for the following questions. 1. It is a contract whereby one of the contracting parties, known as the seller or vendor, obligates himself to transfer the ownership of and to deliver a determinate thing, and the other party, known as the buyer or vendee, obligates himself to pa...

To have no force or effect is referred to as a .......... contract? Void Valid Enforceable Executed - Void That which is capable of being adjusted void, but is not unless action is taken to make it so, is referred to as a/an ............ contract? Unenforceable Voidable Executed Expired - Voidable In order to be considered a competent party, an individual must be of the age of the...? Majority Minority Other party None of the above - Majority

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...

ReSA B44 RFBT MCQ " Here are the paraphrased questions and answers: 1. **"I will give you my car if you do not draw a circle that is also a square" is a:** A. Valid obligation B. Void obligation C. Alternative obligation D. Facultative obligation ️ A. Valid obligation 2. **The 13th month pay is a mandatory salary bonus equivalent to an employee's ____ month salary, which must be given no later than December 24 every year.** a. One b. Two c. Three d. Six ️ a. O...