BLAW 280 Study Guide - Final Guide: Contract, Punched Card, Quasi-Contract
Document Summary
Bilateral contract: both parties exchange promises and a contract is made one the exchanges are made. Unilateral contracts: only one party makes a promise. Contracted is executed when all of the parties have fully performed their contractual duties. It becomes executory until such duties have been fully performed. Unjust enrichment/ quasi-contract? injustice test? an obligation imposed by the law to avoid injustice test consists of (no actual agreement exists) 1. x confers with a benefit upon y: y accepts it and retains it, unjust for him to do so underneath the circumstance, without paying for it. [ex. fire occurs and your real estate gives you a promise that they will pay but realized that your insurance was cancelled] Common law governs______ court made law; constant state of evolution. Ucc governs contracts involving the _____ statutory law in every state. An offer the has been ruminated is dead .
