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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