Legl 2700 Roessing Exam 2 Review With 100% Correct Verified Answers

Duress {Ans: Being under threat of physical harm or illegal economic harm A recognized defense to any act that must be voluntary in order to create liability in the actor}Implied-in-fact Contracts {Ans: A legally enforceable agreement inferred from the circumstances and conduct of the parties}Leading Object Rule {Ans: An exception to the statute of frauds' writing requirement for collateral promises Occurs when the promisor's commitment is primarily intended to serve the promisor's own interests}Perini Corporation v. Great Bay Hotel & Casino (1992) {Ans: Contract to build new casino Didn't complete by due date Perini (constructors) held responsible for 14 million dollars}Implied-in-law Contract {Ans: A quasi-contract; not a true contract Legal fiction that the courts use to prevent unjust enrichment and wrongdoing Courts permit the person who conferred a benefit to recover the reasonable value of that benefit Nonetheless, the elements of a true contract are not present}Lapse of Time {Ans: When the offeree fails to accept by a deadline defined in the offer or after a reasonable period of time}Assignment {Ans: A transfer of contractual rights}O'Bannon v. NCAA (2014) {Ans: College players featured in EA Sports game NCAA got paid; players didn't