Promissory estoppel Study guides, Class notes & Summaries

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...

Law School Exam Questions with Correct Answers Offer - Answer-1) Manifestation of Present contractual intent 2) is comprised of a promise 3) Bargains for an act, a forbearance to act, or a return promise to be given in exchange Acceptance - Answer-1) unequivocal assent (Note: CL must be mirror image, Under UCC must be made in any reasonable manner) Consideration - Answer-1) That which is bargained for and given in exchange for a promise 2) an act, a forbearance to act, or a return p...

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...

BLAW Final Exam Review Ch. 10-18 Pleasant TTU Questions And Answers (Verified And Updated) 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: - answerwill be enforced because Ben exercised forbearance which is legally sufficient consideration. Michael agrees to buy Randy's wheelbarrow for $100. After the agreemen...

Damages are awarded to restore the injured party to the position which existed prior to the contract. correct answer: True What article of the constitution permits limited functions and powers of a judicial nation to person or bodies who are neither courts or judges? correct answer: Article 37 Who is the current DPP correct answer: Claire Loftus A district court judge must retire when he/she reaches the age of? correct answer: 65 The leading case on the concept of Promissory Esto...

CA property & Casualty Practice Exam Guaranteed Success 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: ️Adverse Selection According to the California insurance law, either party may rescind a contract for any of the following reasons EXCEPT: ️ ️ One party intentionally omits information from the other ...

Bilateral Contract A promise made in exchange for another promise. Unilateral Contract One party makes a promise that the other party can accept only by actually doing something. Executory Contract Control that has yet to be fulfilled Executed Contract Contract where all parties have fulfilled their obligations Voidable Contract When the law permits one party to terminate the agreement. Void Contract Contract that neither party can enforce Unenforc...

Gold coast chapter 12 questions with correct answers 2024/2025 the 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 par...

NALA Certified Paralegal Exam Terms and ConceptsEstate 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 lifetime—that is, a trust not established by a will...

Uniform Commercial Code - Answer Article 2 of the UCC governs the sales of goods Sale - Answer the transfer of title from seller to buyer Goods - Answer tangible personal property Common law - Answer most contracts are primarily governed by state common law, including contracts involving employment, services, insurance, real property, patents, and copyrights. Personal property - Answer property other than an interest in land. Real property - Answer land and anything attached to it...