what is a contract?

Question 1

contract

Answer 1

a legally enforceable promise, §1 a promise or set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty

Question 2

bargain contract

Answer 2

agreement pursuant to which the promisor promises to do something in exchange for some promise or performance

Question 3

§90 promissory estoppel

Answer 3

promise reasonably inducing action or forbearance; does not require mutual assent or consideration (no agreement (assent) or promise or performance exchanged (consideration))

Question 4

restitution

Answer 4

used after a court rescinds a K, but one or both of the parties conferred a benefit on the other. if one party conferred a benefit they have to give restitution to the other party. Equitable remedy for both unjustness and unfairness