Relier Pairs BA 18 Key Terms Pt 1Version en ligne Ch. 9-14 Review par Ilse Reyes 1 Pre-existing duty rule 2 Covenants not to compete 3 Not in pari delicto 4 Necessity (necessary) 5 Fraud in the execution 6 Merchant rule 7 Promissory estoppel 8 Void 9 Specific performance 10 Voidable 11 Quasi contract things that directly foster a minor’s wellbeing A merchant who receives a record of a confirmation and does not object to the confirmation within 10 days is bound to the contract. a contract that may be disaffirmed by a disadvantaged party Fraud in substitution of documents or when obtaining signatures, person lies about the nature of the document being signed. when a contract has no legal effect Type of equitable remedy where a court makes the breaching party perform the exact terms of the contract. This will not be granted if it is not feasible or a remedy at law would be adequate. Substitute for consideration when a promisor has made a gratuitous promise to a promisee who then relies on that promise and suffers a detriment because of it. When the parties are not equally at fault. Restrain employees from working in a similar position for competitors after leaving the place of employment. Must be reasonable in time and geographic scope. They are void in California. When a person suffers no legal detriment from performing or promising to perform an act because they had a duty to do so already. “contract” created by a court when a party received an unjust enrichment
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