5.3.Match the following word to its term.

Promissory Estoppel

Restrictive covenant

Voidable contract

Arbitration

a.A form of ADR in which both parties agree to be bound by a neutral third party decision maker who makes a decision which will be binding on the parties.

b.Term in a contract which restricts a party from conducting business in a particular geographic region or time period.

c.When one party decides to relieve another of an obligation, and the party being relieved of the obligation fulfills this part, the first party cannot then claim the full amount.

d.A contract whereterms are unenforceable.

5.4 Identify two pros (advantage) and two cons (disadvantage) toStare Decisis?

5.5 After seizure & sale of property, what order are the creditors paid in (first to last)?

5.6 What are 5 pros (advantages) and 5 cons (disadvantages) to ADR?