Chapter 10 Flashcards
How often do courts weigh whether or not you made a good bargain?
seldom
A painter refuses to finish painting Charles’s house unless Charles pays him an extra $100 beyond the agreed contract price. Charles does not have to pay the extra money because this is an example of ________
Rita makes Grace a promise knowing she would rely on it, Grace relies on it, and the only way to avoid injustice is to enforce the promise. This is an example of:
In a unilateral contract, one party’s consideration is the promise and the other party’s consideration in return is also a promise.
False
Why can police officer not collect a reward from the capture of a suspected criminal?
Preexisting duty
Past consideration is no consideration at all.
t/f
True
If the parties dispute the amount of money owed, the debt is a(n) ________blank debt.
unliquidated
Performance of a duty you are obligated to do under the law is ________
Consideration must be
a product of a bargained-for exchange
Performance of a duty you are obligated to do under the law is ________
legal consideration
For a liquidated debt, the plaintiff must show actual, tangible evidence to prove his or her legal damages.
True, for a liquidated debt, the plaintiff must indeed show actual, tangible evidence to prove his or her legal damages
Jason’s promise to fix Karl’s car if he ever gets an electric car jack is an illustration of:
As a friend and a CPA, Lara agrees to do Cliff’s taxes for free. Lara does his taxes and as an expression of gratitude, Cliff promises to pay Lara $200. Lara cannot enforce the promise because this is an illustration of ________
past consideration
