Relier Pairs BA 18 Key Terms Pt 1Version en ligne Ch. 9-14 Review par Ilse Reyes 1 Necessity (necessary) 2 Not in pari delicto 3 Fraud in the execution 4 Void 5 Specific performance 6 Pre-existing duty rule 7 Quasi contract 8 Covenants not to compete 9 Promissory estoppel 10 Voidable 11 Merchant rule 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. a contract that may be disaffirmed by a disadvantaged party when a contract has no legal effect 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. things that directly foster a minor’s wellbeing When a person suffers no legal detriment from performing or promising to perform an act because they had a duty to do so already. Fraud in substitution of documents or when obtaining signatures, person lies about the nature of the document being signed. “contract” created by a court when a party received an unjust enrichment A merchant who receives a record of a confirmation and does not object to the confirmation within 10 days is bound to the contract. When the parties are not equally at fault. 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.
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