Bar exam - MBE study Flashcards
I.Contract formation. OAC.
Offer, acceptance, consideration
I.Offer.
Intent to be bound
I.Consideration
Bargained for exchange
I. Promisorry Estoppel
Promise, reliance, enforcement necessary to avoid injustice
I.Statute of frauds applies to what kinds of contracts. MOLESS
Marriage, one-year, land, executor, surety, sales of goods
I.Merger clause means what regarding the contract.
Complete integration
I.bargained for exchange. the promise must ______ the detriment.
Induce
I. Unilateral contract
Promise in return for performance
I. fee simple absolute. contract language.
A to B and his heirs
I. Life estate. contract language.
A to B for life
I. fee simple defeasible
A to B and his heirs so long as
I. FOB. Seller has ______ .
risk of loss
I. Rule against perpetuities
no interest in property is valid, unless it must vest, if at all, not later than 21 years after one or more lives in being at the creation of the interest.
I.fee simple subject to subsequent condition
A to B and his heirs, but if _____, then A has right of reentry
If one joint tenant conveys interest to third party, then ____ .
tenancy in common
I. Battery
intentional harmful or offensive contact
I. Negligence. DBCD
Duty, breach, causation, damages
I. False imprisonment.
D confines P to bounded area, causation, intent
I. Strict liability. ACD
Abnormally dangerous activity, actual and proximate cause, damages
I. Trespass to chattel. Damages for chattel
chattel’s fair market value