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A businessperson who sells a business in reliance on promises by another is not entitled to damages under the doctrine of promissory estoppels'
A contract is unenforceable if there is a statue that prohibits the action promised by the contract
Overestimating the value of an object is a mistake for which a court will normally provide relief.
An experts false statement to a naïve buyer about a technical detail will not usually entitle the buyer to rescind a contract
a contract that by its own terms cannot be performed within a year must be in writing to be enforceable
Parol evidence includes oral evidence that is a written contract and not incorporated into the expressly or by reference.
Privity of contract is the principle under which contracting parties along traditionally had rights and liabilities under their contract
Compensatory damages compensate the nonbreaching party for injuries or damages sustained by that party
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