Chapter 8

• Something that has value in the eyes of the law, and its what the promisor get in return for a promise

  Consideration
• "I will do this, if you do that"?

  Consideration
• What is a promise not accompanied by consideration?

  Gratuitous promise
• What is a formal mode of expressing the intention to be bound bu a written promise or agreement?

  Seal
• "As much as he has earned." A quasi-contractual remedy that permits a person to recover a reasonable price for services and/or materials requested.

  Quantum merit
• A rule whereby a person may not evade a promise or deny the truth of a statement of fact made by him or her another person has relied and acted upon the promise or statement

  Estoppel