Blog

Promissory estoppel is an equitable doctrine that prevents the withdrawal of a promise by the promisor if it will adversely affect a promisee who has changed his or her position in justifiable reliance on the promise.

Consideration can best be described as:

To meet the contractual requirement, consideration must be:

The adult party to a contract with a minor has the option of choosing whether to enforce the contract.

The imposition of a best efforts clause is generally viewed as sufficient consideration.

A noncompete agreement will be found not to violate public policy so long as it meets the required tests for reasonableness.

Mary is a bartender at a local pub. The state in which Mary works requires all bartenders to be licensed. No special education or experience is required, but one must pay $25 per year for the license. Mary was not aware of this, so she did not obtain a license. When her boss found out about this, he refused to pay Mary for the two weeks of work that she had done. Mary sues. What results?

If a court finds that the subject matter of a contract is not legal, the court will undo the contract and place the parties in the status quo.

In most states, if a minor misrepresents her age when entering into a contract, that contract cannot be disaffirmed.

Which of the following is correct about contracts entered into by insane persons?