5 Written questions
5 Matching questions
- Compensatory Damages
- Specific Performance
- Violation of Statutes
- Sole Proprietor
- American Rule
- a Plaintiff assumes the risk when defendants negligence consists of a violation of statute. i.e. Guest knowingly rides in a car with no headlights at night
- b where each party pays their own fees
- c a business owned and controlled by one person.
- d completion of an agreement as promised
- e (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated
5 Multiple choice questions
- a deliberate deception intended to produce unlawful gain
- Party must try to mitigate additional losses. (i.e. renting a room)
- promise of reimbursement in the case of loss
- a written guarantee
- Licensees are people who enter the land with permission, but without any purpose of conferring circumstantial benefits to landowner: usually a social guest or solicitor.
Possessors owe licensees reasonable prudence. A duty is triggered when a condition is concealed, and when the condition is known to the defendant: possessor must protect licensees from all known traps on the land.
5 True/False questions
Offer and Acceptance → Creates a power of acceptance from the offering party to the potential accepting party. Contract will be formed if they sign it.
Material Breach → a failure to perform some promised act or obligation
Non-delegable duty → An obligation that cannot be given to a 3rd party
Possessor of Land → a bond given to protect the recipient against loss in case the terms of a contract are not filled
Elements of Tort → lets the parties contract on whatever terms they agree upon. Rules of contract formation are relaxed to be sure and confirm the parties intentions of contract