Contracts Step by step analysis

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Decks in this class (37)

Contract Formation
Within applicable governing law a...,
W i agl v e k,
Contract formation ucc
4  cards
Governing Law
If k is for sale of goods,
If k is for services or land,
If k is a mixed k
5  cards
Mutual Assent
M a requires _____ _____
1  cards
Offer definition
Restatement 24,
Rest 24
2  cards
Offer factors
Was offer sufficiently definite,
Was suff def,
Courts look at whether offer cont...
3  cards
Preliminary Negotiations
Restatement 26 p n,
Offer has to be definite communic...
2  cards
Objective Test
Are the facts plausible reasonabl...,
To determine whether an offer or ...,
Analysis of who may have understo...
3  cards
Termination
If there was a valid offer assumi...,
There are several ways an offeree...,
Several ways
14  cards
Acceptance
Assuming there was a valid offer,
Restatement 50,
Restatement 50 short
11  cards
FORM
Forme
1  cards
Mailbox rule
0  cards
Bilateral K
0  cards
Unilateral K
0  cards
Content
0  cards
Mirror Image Rule
0  cards
Mistake/Misunderstood terms
Parties have entered in K, but LATER there's a disagreement on terms
7  cards
Gaps/Open Terms (common law)
0  cards
Gaps/open terms/additional & diff (UCC)
0  cards
Consideration
Assuming there was mutual assenti...,
Restatement 71 states,
A promise is supported by conside...
20  cards
Contract Modification
Contract modification implies,
What do we need for contract modi...,
What s tricky about contract modi...
4  cards
New Consideration (common law)
Steps
1  cards
No new consideration (UCC)
0  cards
Promissory Estoppel
Restatment 90 promise reasonably ...,
A charitable subscription or a ma...,
What to look for
4  cards
Detrimental Reliance
4 things to look for,
It s a fairness equitable relief ...
2  cards
DEFENSES
Enforcement defense,
Defenses to formation
2  cards
Defense to Enforcement
0  cards
Statue of Frauds (common law)
Enforceability rather than,
A k w in sof is enforceable if it is,
Requires
7  cards
Statute of Frauds (UCC)
Requires that,
If no maybe enforceable under an ...,
Was there detrimental reliance
4  cards
Defenses to Formation
Are
1  cards
Capacity
Modern majority,
Traditionally,
Infancy gen rule
4  cards
Misrepresentation
How many elements,
1 misrep or assertion not in acco...,
2 fraudulent or innocent material
7  cards
Duress
3 elements of duress
1  cards
Undue Influence
2 elements
1  cards
Unconscionability
2 types of unconscionability,
Procedural unconsc,
Substantive uncons
3  cards
Mutual Mistake defense elements
Where both parties are mistaken,
To succeed the defense must estab...
2  cards
Unilateral Mistake
Where only one party is mistaken,
To succeed the under unilat mista...,
5 elements
3  cards
Concealment & Nondisclosure
To make them operative read them ...,
Misrep requires
2  cards

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Contracts Step by step analysis

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