Other Contract Theories Flashcards
Sometimes person not technically party in contract may have rights under contract if
They are a third-party beneficiary
For beneficiary to enforce contract with other parties to the transaction, beneficiary typically must have been
Intended by other parties to…
Intended by other parties to
Benefit from the contract
A third party beneficiary is an injured person who sues responsible party and _
Makes claims against their liability insurance policy
In some instances, a _ contract may be recognized
Quasi
Quasi-contract is a contract implied even though there is no
Express promise to do anything
For quasi-contract to be recognized, there must have been some benefit conveyed by _
One party over the other
Purpose of quasi-contracts is to prevent party receiving the benefit from being _
Unjustly enriched
Concept known as _ may be recognized to enforce certain obligations
Promissory estoppel
Promissory estoppel is when someone _ to their own detriment or loss
Relies on a promise
Person may sue due to failed promise and loss from it even if _
No actual contract was formed
(Promissory estoppel)