Question 1

What is "quantum meruit"?

Accepted Answer

The term means "as m

Question 2

With regard only to the requirement of consideration,which one of the following would be a binding contract?

Accepted Answer

A) A promise by Tom to drive a co-worker to Timmins,Ontario 
B) A promise to give $10 in exchange for a promise to give a can of pop 
C) A promise by Mr.Brent to pay $25 to John,who found and returned Brent's wallet,which Brent didn't even know he had lost until John delivered it 
D) An agreement between a contractor and a homeowner that the owner would pay an additional $1000 if the contractor would complete the existing contract according to all its terms 
E) A written promise,but not under seal,to give John $50 on Saturday 
A) A promise by Tom to drive a co-worker to Timmins,Ontario 
B) A promise to give $10 in exchange for a promise to give a can of pop 
C) A promise by Mr.Brent to pay $25 to John,who found and returned Brent's wallet,which Brent didn't even know he had lost until John delivered it 
D) An agreement between a contractor and a homeowner that the owner would pay an additional $1000 if the contractor would complete the existing contract according to all its terms 
E) A written promise,but not under seal,to give John $50 on Saturday

Question 3

Which of the following statements is correct with respect to promissory estoppel (equitable estoppel)?

Accepted Answer

A) Where Barbra relies on Raylene's promise and suffers a loss,Barbra can sue Raylene for compensation even though the promise was gratuitous. 
B) Where Hank and Jim have a contract and Hank releases Jim from part of Jim's obligation,Jim can use that release,even though it was given without consideration,as a defence if Hank sues for breach of contract. 
C) Promissory estoppel means that Donna cannot revoke her offer where she has promised to hold it open for a specific period of time. 
D) Where Able requests services from Cain,the doctrine of promissory estoppel requires a reasonable price to be paid even where no specific amount was agreed. 
E) Promissory estoppel refers to the principle that,where a document is in writing and under seal,it is enforceable even where there is no consideration. 
A) Where Barbra relies on Raylene's promise and suffers a loss,Barbra can sue Raylene for compensation even though the promise was gratuitous. 
B) Where Hank and Jim have a contract and Hank releases Jim from part of Jim's obligation,Jim can use that release,even though it was given without consideration,as a defence if Hank sues for breach of contract. 
C) Promissory estoppel means that Donna cannot revoke her offer where she has promised to hold it open for a specific period of time. 
D) Where Able requests services from Cain,the doctrine of promissory estoppel requires a reasonable price to be paid even where no specific amount was agreed. 
E) Promissory estoppel refers to the principle that,where a document is in writing and under seal,it is enforceable even where there is no consideration.

Question 4

Is an "agreement to agree" binding?

Accepted Answer

No.An offer must include all o

What is "quantum meruit"?

With regard only to the requirement of consideration,which one of the following would be a binding contract?

Which of the following statements is correct with respect to promissory estoppel (equitable estoppel)?

Is an "agreement to agree" binding?

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes: The Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence,Professional Liability,and Insurance

The Elements of a Contract: Capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Agency and Partnership

Corporations

Employment

Intellectual Property

Real and Personal Property and Protection of the Environment

Priority of Creditors

Sales and Consumer Protection

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Exam 6: The Elements of a Contract: Consensus and Consideration

What is "quantum meruit"?

With regard only to the requirement of consideration,which one of the following would be a binding contract?

Which of the following statements is correct with respect to promissory estoppel (equitable estoppel)?

Is an "agreement to agree" binding?

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes: The Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence,Professional Liability,and Insurance

The Elements of a Contract: Capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Agency and Partnership

Corporations

Employment

Intellectual Property

Real and Personal Property and Protection of the Environment

Priority of Creditors

Sales and Consumer Protection

Filters