Tcu catalano blaw Study guides, Class notes & Summaries

TCU Final Exam Catalano (BLAW) Questions And Answers |Guaranteed Success

what is strict performance? - Answer-recquires one party to fufill obligation and there is no deviation from the contract; obligation must be expressly demanded within the contract & the demand must be reasonable what is substantial performance? - Answer-1 party fulfills enough of the contract to obtain a warrant of payment what results from a failed substantial performance? - Answer-the party that fails to perform will receive nothing in the contract itself & will recover only the value o...

what is strict performance? - recquires one party to fufill obligation and there is no deviation from the contract; obligation must be expressly demanded within the contract & the demand must be reasonable what is substantial performance? - 1 party fulfills enough of the contract to obtain a warrant of payment what results from a failed substantial performance? - the party that fails to perform will receive nothing in the contract itself & will recover only the value of the work (if any) ...

what are the three ways contracts can be formed? - Answer-written, oral, or based upon conduct what is an express contract? - Answer-fully & explicitly stated in writing or orally expressed to offeree what is an implied contract? - Answer-conduct creates a contract; implied by fact or law what is a quasi contract? - Answer-a court finds that the plaintiff gave a benefit to a defendant reasonably expect to be paid what is a promissory estoppel? - Answer-doctrine used by plaintiff to enforce ...