Conditions Flashcards
1
Q
What is the rule of disproportionate forfeiture?
A
The court will refuse to enforce a condition, if:
(1) It is not a material contract term
(2) Obligee relied on the promise
(3) Obligee’s loss would be substantially greater than obligors
2
Q
What is the rule of conditional estoppel?
A
An obligor must perform if;
(1) The obligor promised to perform despite nonoccurence.
(2) The obligee changed his or her position in a reasonable, foreseeable and detrimental reliance on that promise.
(3) Enforcing the condition would unfairly harm the obligee.
3
Q
What is the rule of conditional waiver?
A
A condition can be expressly waived, so long as it is not a material term.