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    Austin Harley
    This document outlines key concepts related to contract formation and defenses, including: 1) Requirements for mutual assent such as offer/acceptance, certainty of terms, additional or modified terms, time of acceptance taking effect. 2) Validity of consideration such as pre-existing duties, past or moral obligations. 3) Contract defenses including misrepresentation/mistake, duress/undue influence, incapacity/unconscionability, illegality. 4) Statute of frauds requirements for certain contracts to be in writing. 5) Remedies for breach such as damages calculations and restitution.

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    Index

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    Austin Harley
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    This document outlines key concepts related to contract formation and defenses, including: 1) Requirements for mutual assent such as offer/acceptance, certainty of terms, additional or modified terms, time of acceptance taking effect. 2) Validity of consideration such as pre-existing duties, past or moral obligations. 3) Contract defenses including misrepresentation/mistake, duress/undue influence, incapacity/unconscionability, illegality. 4) Statute of frauds requirements for certain contracts to be in writing. 5) Remedies for breach such as damages calculations and restitution.

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    This document outlines key concepts related to contract formation and defenses, including: 1) Requirements for mutual assent such as offer/acceptance, certainty of terms, additional or modified terms, time of acceptance taking effect. 2) Validity of consideration such as pre-existing duties, past or moral obligations. 3) Contract defenses including misrepresentation/mistake, duress/undue influence, incapacity/unconscionability, illegality. 4) Statute of frauds requirements for certain contracts to be in writing. 5) Remedies for breach such as damages calculations and restitution.

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    34 views1 page

    Index

    Uploaded by

    Austin Harley
    This document outlines key concepts related to contract formation and defenses, including: 1) Requirements for mutual assent such as offer/acceptance, certainty of terms, additional or modified terms, time of acceptance taking effect. 2) Validity of consideration such as pre-existing duties, past or moral obligations. 3) Contract defenses including misrepresentation/mistake, duress/undue influence, incapacity/unconscionability, illegality. 4) Statute of frauds requirements for certain contracts to be in writing. 5) Remedies for breach such as damages calculations and restitution.

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    IV.

    M UTUAL ASSENT
    MANIFESTATION REQUIREMENT | CERTAINTY
    17. R EQ U IREMEN T O F B A RGAIN 22. M O D E O F ASSEN T: O FFER A N D A C C EP TA N CE 24. O FFER DEFIN ED 33. CERTA IN TY 50. ACCEPTANCE O F O FFER D EFIN ED ; ACCEPTANCE B Y PERFO RMA N C E; ACCEPTANCE B Y PRO MISE 59. P URP O RTED ACCEPTANCE WH ICH ADDS QU A LIFIC A TIO N S 61. ACCEPTANCE WH ICH R EQ U ES TS CHAN GE O F TERMS 63. TIME WH EN ACCEPTANCE TA K ES EFFEC T U C C , ARTICLE 2, 2-204(3), 2-305, 2-308 TO 2-310

    79. ADEQUACY O F CONS ID ERATIO N ; MUTUALITY O F OB LIGATIO N 82. PRO MISE TO PAY IN DEBTED N ES S ; EFFECT O N TH E STATU TE O F LIMITATIO N S 83. PRO MISE TO PAY IN DEBTED N ES S DISCHARGED IN B AN KRUP TC Y 86. PRO MISE FO R B EN E FIT R EC EIVED CASES:

    INVALID CONSIDERATION | P RE-EXISTING D UTIES


    71. R EQ U IREMEN T O F EXCH AN G E; TYPES O F EX C H A N GE 73. P ERFORMAN CE O F LEG A L DU TY 74. SETTLEMEN T FO R CLA IMS U .C.C. 2-209. MO D IFICATIO N , RESCISSIO N AN D WAIVER. C ASES:

    ILLUSORY P ROMISE
    77. ILLU S O RY AN D ALTERN ATIVE PRO MISES

    SPECIAL OFFER RULES


    26. P R ELIM N EGO TIATIO N S 27. EXISTEN CE O F K WH ERE WRITTEN MEMO RIAL IS C O N TEMP LATED

    VI. P ROMISSORY E STOPPEL


    90. PRO MISE R EA S O N A B LY IN D U CIN G ACTIO N O R FO RBEARAN CE

    MANNER OF ACCEPTANCE
    50. ACCEPTANCE O F O FFER D EFIN ED ; ACCEPTANCE B Y PERFO RMA N C E; ACCEPTANCE B Y PRO MISE 30. FO RM O F ACCEPTANCE IN VITED 32. IN VITATIO N O F PRO MISE O R PERFO RMAN CE 45. O PTIO N K CREATED B Y PART P ERFORMAN CE O F TEN DER 51. EFFECT O F PART P ERFORMAN CE W/O KN OWLED G E O F OFFER 60. ACCEPTANCE O F O FFER WH ICH STATES PLACE, TIME O R MAN N ER O F ACCEP TAN CE 62. EFFECTIVE O F P ERFORMAN CE B Y O FFEREE WH ERE O FFER IN VITES EITH ER P ERFORMAN CE O R PRO MISE 65. REASON ABLENESS O F MED IU M O FACCEP TAN CE 66. ACCEPTANCE MU S T B E PRO PE RLY DISP ATCH ED 67. EFFECT O F R EC EIPT O F ACCEPTANCE IMP RO P ERLY DISP ATCH ED 68. WH A T CO N STITU TES R EC EIPT O F REVOCA TION , R EJECTIO N , O R AC C EP TAN CE 69. ACCEPTANCE B Y SILEN CE O R EXERCISE O F DO MIN IO N

    VII.

    CONTRACT DEFENSES

    MISREPRESENTATION | MUTUAL MISTAKE


    162. WH EN A MISREP RESEN TATIO N IS FRAUDULEN T O R MATERIA L 161. WH EN N O N D ISCLO SU RE IS EQ UIVALEN T TO AN ASS ERTATIO N CASES:

    DURESS | U NDUE INFLUENCE | ILLEGALITY


    AUS TIN IN STRUMEN T, AN D OD O RIZZI

    INCAPACITY | U NCONSCIONABILITY
    12. CAPACITY TO CO N TRACT 14. IN FAN TS 15. MEN TAL ILLN ESS O R DEFEC T 16. IN TO X ICATED PERSO N S 208. UNCO NSC IO N A BLE CON TRACT O R TERM WILLIAMS

    TERMINATION OF POWER TO ACCEPT | M AILBOX RULES


    36. METH O D S O F TERMIN ATION O F TH E PO WER O F AC C EP TAN CE 37. TERMIN ATION O F PO WER O F ACCEPTANCE U N D ER O PTIO N CO N TRACT 38. R EJEC TIO N 39. CO UN TER-O FFERS 40. TIME WH EN R EJECTIO N O R COUN TER-O FFER TERMIN ATES TH E PO W ER O F ACCEP TAN CE 41. LA P S E O F TIME 42. REVOCA TION B Y CO MMUN ICATIO N FRO M O FFERO R R EC EIVED B Y OFFEREE 43. IN D IRECT CO MMU N ICATIO N O F R EVO C A TIO N 48. D EA TH O R IN CAP AC ITY O F O FFERO R O R O FFEREE (D U R A TIO N O F O FFER ) 63. TIME WH EN ACCEPTANCE TAKES EFFEC T 66. ACCEPTAN CE M U S T B E PR O PE R LY D ISPATCHED 67. EFFECT O F R EC EIPT O F ACCEPTANCE IMP RO P ERLY DISP ATCH ED 68. WH A T CO N STITU TES R EC EIPT O F REVOCA TION , R EJECTIO N , O R AC C EP TAN CE

    STATUTES OF FRAUDS
    110. CLASSES O F CO N TRACTS C O VERED 112. R EQ U IREMEN T O F SURETYSH IP 116. MAIN PU RPO SE; ADVAN TAGE TO SURETY 125. K TO TRAN SFER, B U Y O R PAY FO R AN IN TEREST IN LA N D 127. IN TEREST IN LAND 130. CO N TRACT N O T TO B E P ERFO RMED WITH IN A YEAR 131. G EN ERAL R EQ U ISITES O F A MEMO RAND UM 132. SEVERAL WRITIN GS 133. MEMORAN DUM N O T MADE AS SU CH 134. SIGN ATURE 138. U N EN FO RCEABILITY 139. EN FORCEMEN T B Y VIRTU E O F ACTIO N IN R ELIAN CE 145. EFFECT O F FU LL PERFO RMAN CE U .C.C. 2-201. FO RMAL R EQ U IREMEN TS ; SOF.

    VIII.

    REMEDIES FOR BREACH OF CONTRACT

    D AMAGES OR MEASURE OF DAMAGES


    344. PU RPO SES O F R EMED IES 345. JU D ICIAL R EMED IES AVA ILABLE ---- EN FO RCEMEN T B Y AWARD O F DA MAGES 346. AVAILABILITY O F DA MAGES 347. MEASU RE O F D AMAGES IN GENERAL 348. ALTERN ATIVES TO LO S S IN VALU E O F PERFO RMAN CE: D AMAGES | R ELIAN CE 349. D AMAGES B A S ED O N R ELIAN CE IN TEREST CASES:

    MUTUAL ASSENT UNDER U.C.C. ART 2


    U .C.C. 2-204. FORMATION IN GENE RA L U .C.C. 2-104(1) MERC H A N T D EFIN ED U .C.C. 2-205. FIRM OFFERS. U .C.C. 2-206. O FFER AN D ACCEPTANCE IN FORMATION O F CO N TRACT. U .C.C. 2-207. AD D ITIO N AL TERMS IN ACCEPTANCE O R CO N FIRMATIO N .

    ICRACS:
    I) WAS TH E O FFER REA S O N A B LY CERTAIN ? (CO MMO N LAW ) I) WAS TH E CO MMU N ICATIO N (ACTIO N ) O F (D ATE) AN (IMPLIED ) OFFER ? I) WAS TH E CO MMU N ICATIO N (ACTIO N ) O F (D ATE) AN (IMPLIED ) ACCEPTAN CE?

    R ESTITUTION
    370. 371. 372. 373. 374. R EQ U IREMEN T TH A T B EN E FIT B E CO N FERRED MEA S U REMEN T O F RESTITUTIO N IN TEREST SP ECIFIC R ESTITU TIO N RESTITUTIO N WH EN O TH ER PARTY IS IN B REA C H RESTITUTIO N IN FA VO R O F PARTY IN B REA C H

    V. C ONSIDERATION
    CONSIDERATION | A DEQUACY / P AST / MORAL
    71. R EQ U IREMEN T O F EXCH AN G E; TYPES O F EX C H A N GE

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