LWC Word Scramble
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Term | Definition |
Judicial Restraint | a court taking a passive role and requiring the parties to fulfill agreed obligations. less flexible but more predictable |
Judicial activism | court bill will ignore certain provisions of contract if enforcing it will be unjust. more flexible but less predictable |
contract has 4 elements | agreement consideration legality capacity |
bilateral contract | both parties make a promise |
unilateral contract | one party makes a promise that the other party can accept only by doing something |
contract | a promise that the law will enforce |
express contract | two parties explicitly state all important terms of their agreement |
implied contract | the words and conduct of the parties indicate that they intended an agreement |
executed contract | when all parties have fulfilled their obligations |
executory contract | when one or more parties has not fulfilled its obligations |
valid contract | satisfies all the law's requirements |
unenforceable agreement | the parties intend to form a valid bargain but a court declares that some rule of law prevents enforcing it |
voidable contract | the law permits one party to terminate the agreement |
void agreement | neither party can enforce, usually because the purpose is illegal |
promissory estoppel | defendant made a promise that the plaintiff relied on |
quasi-contract | the defendant did not make a promise but did receive a benefit from plaintiff |
quantum meruit | plaintiff gets as much as he deserved |
UCC | uniform commercial code |
UCC Article 2 | governs the sale of "goods" anything moveable |
Created by:
jgalindo
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