Implied in law quasi k - Study guides, Class notes & Summaries

MIE 305 Final Exam Latest Update with Verified Solutions Contract a promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in court." primarily state based common law contract elements -Agreement: the parties agree to the exchange of legal detriment as to each other -Bargained-for con...

Six Elements of a Valid Contract - ANSWER-* Offer * Acceptance * Consideration * Legal * Capacity * Intent All contracts are either - ANSWER-Bilateral or unilateral Bilateral contract - ANSWER-a promise for a promise Unilateral contract is: - ANSWER-a promise for an act Express contract is: - ANSWER-K where mutual assent of parties is verbal or written Implied contract - ANSWER-K established based on conduct of parties Quasi contract - ANSWER-No K, but courts act as matter...

BLR 235 Questions with complete solution 2024/2025 BLR 235- Exam #2 The elements of a contract (that is, the contract "formula"): - correct answer K = O + A + C + (leg. + cap.) Chris gets down on one knee, late at night at O'Flanigans, and decides to propose to Krystal, his hostess. He just met her. Anyway, he says to Krystal, "Will you marry me?" Krystal looks at him (pathetically) and says nothing. She's in shock. Actually, she's insulted. She still says nothing b...

MIE 305 Final Exam Questions With 100% Correct Answers!!

What is the Constructive Condition of Exchange (CCE)? - Answer-One party's performance is conditioned on other side's performance Implied Conditions under Common Law—Must CCE be satisfied perfectly? - Answer-The CCE need not be satisfied perfectly. A party will satisfy CCE if there is not a material breach. Substantial performance satisfies the CCE only if the failure is not willful Implied Conditions under Common Law—Nonbreaching party - Answer-Nonbreaching party can recover damages...

MIE 305 Final Exam Contract - ANS a promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in court." primarily state based common law contract elements - ANS -Agreement: the parties agree to the exchange of legal detriment as to each other -Bargained-for consideration: exc...

MIE 305 Final Exam Study Guide Possession - ANS Bundle of Right that is the right to claim title over the property, one exerts dominion and ultimate power over it Control - ANS Bundle of Right that is the right to decide how the property is to be used, or employed Enjoyment - ANS Bundle of Right that is the means by which the rights-holder can decide how to use the property. Others can violate this through the law of nuisance. Exclusion - ANS Bundle of Right...

Civil Procedure Final Exam litigation - ANS the process by which parties seek to resolve their dispute by going to court Sources of legal authority - ANS A. 1) constitutions (highest form of law); 2) statutes (acts of congress, peoples reps from each state); 3) court rules (procedures in every court system); 4) case law primary, and potentially binding ; 5) treaties; 6) regulations; 7) ordinances stare decisis - ANS top down precedent, must abide by decided cases-This e...

MIE 305 Exam 3 Chapters 10-12 What is a fully-integrated agreement and how do you get one? - ANS A fully-integrated agreement is an agreement where both sides agree to no longer discuss or change the terms of the contract What do we mean by saying property is the ownership of a "bundle of rights?" - ANS Property is an umbrella term that includes multiple rights for that given property What are those rights? - ANS Possession, Control, Enjoyment, Exclusion, Dispos...

Bilateral contract - correct answer A type of contract that arises when a promise is given in exchange for a return promise. ex. When Shannon promises to pay Gary $1000 in exchange for his promise to paint her car on July 1st. contract - correct answer A legally enforceable agreement that is created when 2 or more competent parties agree to perform, or to avoid performing, certain acts that they have...