formation Flashcards

1
Q

offer

A

manifestation of a willingness to enter an agreement

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2
Q

acceptance

A

manifestation to be bound to a contract

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3
Q

in Virginia, can you k to agree to agree in the future?

A

no

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4
Q

va employment k

A

if no duration term, deemed at will

employer can fire whenever
employee can quit whenever

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5
Q

even if duration term, when will it be considered at will?

A

parties did not indicate the grounds which employer can fire

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6
Q

requirements k

A

Buyer will buy all that he requires

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7
Q

in VA, how can we tell is requirement k exists?

A

all docs involved

parol EV

go to jury if court can find language

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8
Q

consideration

A

benefit to promisor or

detriment to promisee

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9
Q

is past consideration OK in VA?

A

no

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10
Q

what is promissory estoppel?

A

promise reasonably expected to induce reliance

actual reliance

injustice can only be avoided by enforcing promise

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11
Q

does VA use promissory estoppel?

A

no

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12
Q

VA quasi k

A

we would have made a k if we could have

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13
Q

va quasi k elements

A

p confers benefit to D

D knows he got a benefit

inequitable to retain benefit w/o paying

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14
Q

what if acceptance based on condition?

A

no k

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