Term
| No; Congregation v. DeLeo |
|
Definition
| Are gratuitous promises by itself? unenforceable? And what case does this relate to? |
|
|
Term
|
Definition
| Holding: An oral promise to donate money is unenforceable |
|
|
Term
|
Definition
| Holding: Forbearance from a lawful act at the request of another is sufficient consideration for a contract |
|
|
Term
|
Definition
| Holding: Mere love and affection do not constitute sufficient consideration when the claim itself is illegal |
|
|
Term
|
Definition
| Holding: Forbearance to sue on a claim is not sufficient consideration when the claim itself is illegal |
|
|
Term
|
Definition
| Holding: A moral obligation is insufficient as consideration for a promise |
|
|
Term
|
Definition
| Holding: A moral obligation is a sufficient consideration to support a subsequent promise to pay where the promisor has received a material benefit |
|
|
Term
|
Definition
| Holding: Specific performance of a parol contract to convey land is decreed in favor of the vendee who has performed his part of the contract, when a failure or refusal to convey would operate as a fraud upon him |
|
|
Term
|
Definition
| Holding: To be legally enforceable an executor promise must be supported by sufficient, bargained-for consideration |
|
|
Term
|
Definition
| Holding: A promise may be legally binding without consideration if it reasonably induced action or forbearance and if injustice will be avoided by its enforcement |
|
|
Term
| Allegheny College v. National Chautauqua Bank |
|
Definition
| Holding: The acceptance of a charitable subscription by the trustees of a charity implies a promise on their part to execute the work contemplated and to carry out the purposes for which the subscription was made |
|
|
Term
| First Nat’l Bank of Logansport v. Logan Mfg, |
|
Definition
| Holding: Where there is no contract, a plaintiff may recover on a theory of promissory estoppel , whereby the plaintiff relied to his or her detriment on a promise, causing him or her to substantially change position |
|
|
Term
|
Definition
| Holding: When an option contract under seal provides for nominal consideration by one party, a failure by that party to provide that consideration will not invalidate the agreement |
|
|
Term
| James Baird v. Gimbel Bros |
|
Definition
| Holding: The doctrine of promissory estoppel shall not be applied in cases where there is an offer for exchange as the offer is not intended to become a promise until a consideration is received |
|
|
Term
|
Definition
| Holding: Reasonable reliance on a promise binds an offeror even if there is no other consideration |
|
|
Term
(1): Claim upon which the settlement is made must be in good faith
(2): Settlement must have a legal, credible or reasonable foundation
Duncan v. Black |
|
Definition
| What are the two elements of valid consideration on a settlement claim? And what case does this stem from? |
|
|
