Thursday, July 19, 2007

Revisit: Contract essay checklist

X vs. Y

1. Governing Law ( tangible goods?)

  • common law
  • UCC Article 2---> are both parties merchants? merchant's special rules

2. Is there a valid K?

Mutual Assent
Offer: promise/undertaking; definite; communicate

  • merchant's firm offer
  • revocation

Acceptance

  • mail box rule
  • common law: mirror image
  • UCC : Q: Offerree's different terms are part of K?
  • between merchants: yes, unless: substantially change/ specific wording/?
  • not between merchants: no ( offer control)

Consideration(bargain for exchange)

  • estoppel: detrimental reliance

3. Does the K have a condition? What kind of condition?

  • precedent condition/ concurrent condition/? condition
  • waive

4. Any defenses?

  • Mistake: patent
  • Insane/Incapability
  • Minority
  • Statute of Frauds ( MY LEGS)
  • Exception: Partial Performance
  • Memo: between merchants, per oral communication's conclusion, 10 days
  • Impossibility: objective
  • Impracticability: subjective

5. Interpretation:

  • Parole Evidence Rule:Oral communication prior or @ the written K is prohibited to be used to explain K if the written K is final and integrated.
  • exception: mistake
  • Is there a 3rd party beneficiary?

6. Have the obligations been performed? If not, was there a major or minor breach?

  • anticipatory repudiation: prior the due day/ unequivocal
  • bilateral
  • rescind
  • withhold
  • ignore and urge for perform
  • major breach: substantial bargain-for-exchange
  • minor breach

7. Remedies ( check remedies outline)

legal:

  • Compensatory
  • foreseeable/causation/unavoidable
  • put Pp as had K never been breached
  • Consequential: incidental
  • nominal
  • punitive: non, unless tortious
restitution:
  • quasi K
  • replevin: UCC special rule
  • ejction
equitable: SP ( Cha Cha Is My Favorite Dance)
  • Valid K
  • Condition fulfilled
  • Indequate Legal Remedy: special goods
  • Mutual
  • Feasibility
  • Defenses: unclean hand
Duty to Mitigate

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