Promissory estoppel Study guides, Class notes & Summaries

Gold Coast Real Estate Homework Chapter 12 100% SOLUTION 2023//2024 Which 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 - 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 ...

Law 3220 Clemson Exam 3 – Jahn (2023/2024) Already Passed A contract may be based on a promise not to do something. (T/F) True You return a lost dog to its owner. You did not know a reward was being offered for the dog. You do not have a legal right to the reward. (T/F) True You leave your poodle at a new grooming shop and tell them to wash the dog⎯a $30 service. They do that and also paint the poodle's nails and tie ribbons in his hair⎯these services are an extra $10. You pay them for...

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...

Ratification, Estoppel, agreement are all correct An agency relationship may be created by: Ratification, Estoppel, agreement are all correct Failure to perform any of the terms or conditions of a contract is called Breach A licensed real estate broker is successful in securing a buyer for a property who is ready, willing, and able to buy. The offer is accepted and signed by both parties and escrow is opened. During the escrow period, the TITLE company discovers that the sel...

PHR SPHR Employee & Labor Relations - HRCI Tort - correct answer A civil action based on a duty or obligation that has been breached by one party, causing an injury of some kind to the other. Common-Law Doctrine - correct answer The result of a legal decision made by judges in cases adjudicated over a period of centuries. Common Law Issues - correct answer Employment at will, respondent superior, constructive discharge and defamation Contract Exceptions - correct answer Employment at w...

Jackie agrees to pay Ben $1,000 if Ben agrees to not go skydiving for six months. After Ben avoids skydiving for six months, he asks Jackie for payment. Jackie declines to pay Ben the $1,000. The contract between Jackie and Ben: - Answer-will be enforced because Ben exercised forbearance which is legally sufficient consideration. Michael agrees to buy Randy's wheelbarrow for $100. After the agreement is reached but before performance begins, both Michael and Randy agree to terminate the co...

Gold coast chapter 12the instrument that contains the amount of the loan, interest rate, payment provisions, and other terms of the loan is the blank - correct answer Promissory note A mortgage is a blank - correct answer Pledge of security the clause in a mortgage that protects the borrowers interest and requires the lender to acknowledge performance by the borrower is the blank clause - correct answer Defeasance The clause that allows a parcel of property to be sold free and clear o...

CA property & Casualty practice exam Questions and Answers 100% Pass Bob is thinking about obtaining insurance because he just found out he needs extensive surgery that will require several days in the hospital. This situation of waiting until the last minute to obtain insurance is known as: - Correct Answer ️️ -Adverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: - Correct Answer ️️ - - Correct A...

what makes a contract irrevocable? - option contract detrimental reliance what is an option contract? - offeror promises to hold offer open for a special period in exchange for consideration what is determinantal reliance (promissory estoppel)? - 1. If Person A reasonable relies on 2. Person's B promise 3. In a way that causes Person A harm, then 4. Person B is estopped form not fulfilling the promise (Person B has kept the promise) what is partial performance? - form of detrim...

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review Already Passed Peril Something that causes a loss. Hazard Something that increases the probability that a loss will occur. Warranty A policy condition, either based on information in the insureds application or inserted by the insurer. It is a guarantee of a fact. Misrepresentation An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. Concealment The fail...