Thursday, February 7, 2013

Contract Law

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1. Note whether this transaction is governed by UCC or the Restatement.

2. Does the Statute of Frauds go through? The trim down must be in writing if it is in regard to land, if by its nature it takes more than one course of study to perform, or if it is in regard to goods of greater than $500 value.

Is in that location a resolution?

Was in that location an Offer?

Were the terms particular(prenominal)?
Did the head indicate the partys intent to be bound?

Was there an Acceptance?

Was there adoption to use up terms of the offer pursuant to mirror image regulation?
If not, can UCC 2.207 or the parties performance be used to refer a contract?

Was the acceptance made according to offers to instructions (note silence can never be acceptance)?

Was the acceptance made within time specified?
Does the postbox rule apply?

Was there Consideration?
Was there effectual detriment?

No

No

No

No contract

Yes

No

Was there reliance so that §90 Promissory Estoppel applies?

Was there benefit conferred?

Are all of the cloth terms agreed on?

Yes

Yes

Yes

No

THERE IS AN ENFORCEABLE CONTRACT
What argon Material Terms?
Unilateral or Bilateral?
Was there an outright scandalise or is it another problem?

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Were parties far enough in negotiations to implicate a contract to talk over in Good Faith? Was such a contract explicit?
Was an option created by partial performance of acceptance?

Yes

No

Was there Substantial break dance?

Yes

Was there fraud, duress or unconscionability?

Yes

No

Breach is excused

Was there a change in flock or failure of a substantial assumption of the contract?

Yes

No

Breach is excused

Could there be a waiver? Was the breach excused by implication of past performance?

Breach is excused

Breach unexcused; victim can recover GO TO DAMAGES

Yes

No

Is there vagueness/ambiguity in contract?

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