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;
10 Cards in this Set
- Front
- Back
§90
|
A promise which…should reasonably expect to induce action or forbearance on the part of [promisee or third party]
|
|
§45
|
(1) When offer invites acceptance by rendering performance and NOT promissory acceptance, option contract created when performance begins, (2) Offeror's duty of performance conditional on completion of invited performance
|
|
§87
|
(1) Binding under standard terms
2) if substantial reliance, binding to extent necessary to avoid injustice |
|
§24
|
Manifestation of willingess to enter into a bargain
|
|
§281
|
(1) Accord is a contract under which obligee promises to accept a stated performance in satisfaction of existing duty (discharges original duty), (2) Until performance, original duty is suspended unless there is breach of accord by obligor
|
|
§73
|
Performance of a legal duty is not consideration
|
|
§89
|
Promise modifying existing duty is binding (a) if fair and equitable in view of unanticipated circumstances, (b) to extent provided by statute or (c) to extent that justice requires
|
|
§37
|
Power of acceptance of Options K NOT terminated by rejection, counteroffer, revocation or death/incapacity unless requirements are met for discharge of duty
|
|
§42
|
Offeree's power of acceptance terminated when he receives manifestation of intention not to enter into the proposed contract.
|
|
§43
|
Offeree's power of acceptance terminated when offeror takes definite action inconsistent with intention to enter into proposed contract
|