BLAW 3201 Study Guide - Midterm Guide: Standardized Test, Graduate Management Admission Test, Uniform Commercial Code
Document Summary
Acceptance or retention of a benefit conferred on the defendant by the plaintiff. Which of the following contracts is covered by article 2 of the uniform. There must be an absence of invalidating conduct, such as duress. Another name for a quasi contract is: an implied in law contract. The doctrine of promissory estoppel: is a doctrine that relies on justice and not contractual rights. If both parties exchange promises, the contract is: bilateral. Contracts that are implied in law: are obligations imposed by law on grounds of justice and equity. Any property other than an interest in real property, is/are: personal property. Sally offers to sell her business law textbook from last semester to bob for. Bob accepts sally"s offer and tells her he will pay her on friday when he gets his paycheck. A contract is formed: when bob accepts sally"s offer.