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Contracts - Coggle Diagram
Contracts
The Statute of Frauds
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Fulton v. Robinson - defined consideration, parties, subject matter, performance
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Tanenbaum v. Biscayne Osteopathic Hospital, Inc. - no P.E. when parties had a chance to put in writing
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Defenses to Formation
Duress
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Marriage/Prenup Cases (Miller, Holler)
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Unilateral Mistake
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Hall v. United States (jet engine), First Baptist v. Barber Contracting (church, contractor mistake)
Mutual Mistake
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Chandelor v. Lopus (Bezar stone), Sherwood v. Walker (cow)
Misrepresentation
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Hendrick v. Lynn (termites), Stambovsky v. Ackley (ghosts)
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Unconscionability
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James v. National Financial, L.L.C. (predatory loan)
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Elements
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Mutual Assent
Evidence of Assent
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Outward Manifestation
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Raffles v. Wichelhaus - same bargain, same words (Peerless from Bombay)
Enforcement Issues
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Modification
Pinnel's Case, Foakes v. Beer - Partial payment of debt
Lumber Enterprises, Inc. v. Hansen - good faith test
Gross Valentino Printing Co. v. Clarke - modification involving "goods" doesn't require consideration
U.C.C. § 2-209 - Modification, Rescission, and Waiver
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Offer
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Termination
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Drennan v. Star Paving - Promissory Estoppel, contractor/subcontractor
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Acceptance
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Silence
Lee v. Sheller v. Stauffer - PO/shipment, last shot rule
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Valuable Consideration
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Mutual Promises
Nicholas v. Raynbred - Contract law = enforcement of a promise, not an agreement
Essential Accounting Systems, Inc. v. Dewberry - Mutual promises constitute consideration, each for the other.
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Illusory Promises
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Johnson Enterprises v. Jacksonville, Inc. - Illusory promise = no consideration
Wood v. Lucy, Lady-Duff Gordon - clearly implied promise is not illusory
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Detriment to Promisee
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Settlement Cases
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Kalis v. Colgate-Palmolive - good faith agreement to give up right to appeal is an adequate detriment, even after summary judgment
Doctor and Student, Keyme v. Goulston - Pe detriment = consideration even if Pr benefit is unclear
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