Contracts

Question 1

5 elements of promissory estoppel

Answer 1

1. promise
2. Promise was made with the expectation that the offered would reasonably rely on the promise
3. Promisee did in fact rely on the promise
4. to his/her detriment
5. Justice requires enforcing the K

Question 2

Policy behind promissory estoppel

Answer 2

Doctrine of fairness

Question 3

Evaluate whether an offer is genuine beard on

Answer 3

Objective reasonable person test

Question 4

Consideration

Answer 4

Bargained for exchange 
Or 
Legal detriment (had the right to not get an MBA)

Question 5

Compensatory damages

Answer 5

Expectation damages
Reliance damages
Restitution damages

Question 6

Equitable remedies

Answer 6

Specific performance

Injunction

Question 7

Jokes are not valid because

Answer 7

They don’t invite assent

Question 8

2 ways can be unconscionability

Answer 8

Procedure

Substantively

Question 9

Quasi

Answer 9

Unjust enrichment

Question 10

Injury (ax) minority rule

Answer 10

Material benefit rule.

Majority
There is no consideration in material benefit