UGBA 175 Lecture Notes - Lecture 9: Estoppel, Quasi-Contract
27 Sep 2016
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Bargained for something done at present or in the future. Both remedies imposed by the courts to avoid injustice. Qc: a benefit given to the offeree and retained, something that is needed or deserved. Give person some money to go back to initial state before he relied on the promise) Need consideration to modify a common law contract. Once joyce knew that the house was sold, the offer was revoked and she. Offer is still open, extension is revocable (because not a contract) Problem 3 (a) promissory estoppel: justifiably rely - family member, significant detriment gave up homestead (b) depends on how much ed spent to buy an option, bad question but tries imply that detriment was not significant. Not requirements contract desire to order not include the word all (not definite) Then the 500 tons were accepted contract. Ucc does not need mutual consideration, just good faith. Significantly relied to detriment (retried early) promissory estoppel.
