Matching Pairs BA 18 Key Terms Pt 1Online version Ch. 9-14 Review by Ilse Reyes 1 Covenants not to compete 2 Necessity (necessary) 3 Merchant rule 4 Not in pari delicto 5 Fraud in the execution 6 Pre-existing duty rule 7 Quasi contract 8 Voidable 9 Void 10 Promissory estoppel 11 Specific performance When a person suffers no legal detriment from performing or promising to perform an act because they had a duty to do so already. Type of equitable remedy where a court makes the breaching party perform the exact terms of the contract. This will not be granted if it is not feasible or a remedy at law would be adequate. a contract that may be disaffirmed by a disadvantaged party “contract” created by a court when a party received an unjust enrichment Restrain employees from working in a similar position for competitors after leaving the place of employment. Must be reasonable in time and geographic scope. They are void in California. things that directly foster a minor’s wellbeing When the parties are not equally at fault. A merchant who receives a record of a confirmation and does not object to the confirmation within 10 days is bound to the contract. Fraud in substitution of documents or when obtaining signatures, person lies about the nature of the document being signed. when a contract has no legal effect Substitute for consideration when a promisor has made a gratuitous promise to a promisee who then relies on that promise and suffers a detriment because of it.
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