Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
7 Cards in this Set
- Front
- Back
|
Undisputed Debt
|
-must pay in full
-do not have to accept consideration for it to be consideration -no reconsideration of amount |
|
|
Disputed Debt
|
-any reconsideration
-settlment can't occur |
|
|
Regulatory License
|
protects public from unqualified practioners
-for contract to be enforceable you must have one |
|
|
Revenue License
|
-does not seek to protect against incompetent or unqualified practioners but serves simply to raise money
|
|
|
Usury Statute
|
-max amount of interest that can be allowed
|
|
|
Covenant Not to Compete
|
1. Covenant based on business
2. duration of time 3. must be with in geographical region |
|
|
Exclupatory Clause
|
-a party is relieved from simple neglience
-can not take advantage of if its duty to the public |
