Exception to the consideration requirement a person

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Exception to the consideration requirement A person who has reasonably and substantially relied on the promise of another can  obtain some measure of recovery, to avoid injustice Required elements:  Must be clear and definite promise Promisee must justifiably rely on the promise Reliance is reasonable and substantial ustice will be served by enforcing promise Performance and Discharge Conditions of Performance:
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A possible future event- The occurrence or nonoccurrence of which will trigger the performance of a legal  obligation under a contract Three types- Precedent Condition that must be fulfilled before a party’s performance can be required The condition has to arrive first  Ex.  The Uncle had nephew swear he would not drink in college and in exchange he  would get $20,000 “If you do this, then you will get that” Requires absolute duty to perform Subsequent When condition arises, your obligation to perform ceases  When a condition operates to terminate a party’s absolute promise to perform, after the  time of absolute performance was due Ex.  “We will pay you to work in this firm, provided that you have passes the BAR exam.”  – If this is not met they are not hired. Concurrent The offeror hands over an object and the offeree will pay for it  Must happen at same time When each party’s performance is conditioned on the other party’s performance or  tender Both parties requires to person their duties simultaneously What is complete v. substantial performance? Complete Performance When a party performs exactly as agreed Tender: unconditional offer to perform
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Substantial Performance: Party in good faith performs substantially all of the terms, can enforce the contract  Ex. A builder has a contract with a home owner, they need copper plumbing, but the  company the home owner wanted the copper pipe from doesn’t make the pipe anymore.  The builder starts putting a pipe in that is of same quality, but the home owner finds out  and won’t pay because they didn’t use that specific pipe.  They go to court, the court will  then side with the builder because they SUBSTANIALLY PERFORMED.  Confers most of the benefit promised: Performance must not vary greatly from what was promised Omission or defect unimportant, damages can be awarded Entitles the Other Party to Damages Measure of damages is cost to bring object of contract into compliance No exact formula What is Material Breach Material Breach:  occurs when performance is not substantial, and nonbreaching party  is excused from performance and entitled to damages   Ex.  You payed for a home theater system, but received books. The courts will give the 
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