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Contract Law - Coggle Diagram

- - - - refers to whether the parties intended the written contract to be the final discussion as to specific terms
        
        Courts rely on whether a merger clause is included --> a merger clause states words to the effect that the writing is the complete and entire agreement of the parties.
        
        Unless the k is completely integrated, parole evidence is admissible to supplement the terms of a written k
- - - - Common Law
        
        Mirror Image Rule: If the acceptance doesn't contain the exact same terms as the offer, then the new terms are treated like a revocation of the original offer and is a counteroffer.
        
        A pre-existing contractual or statutory duty cannot act as consideration for a new promise
      - UCC
        
        A change of terms is not a counteroffer and can constitute acceptance unless stated otherwise.
        
        New consideration is not required to modify a sale of goods. The test is one of good faith
      - One substitute for consideration is promissory estoppel or dertrimental reliance
        
        Requirements: 1. Promise; 2. reliance that is reasonable, detrimental, and foreseeable; and 3. enforcement necessary to avoid injustice.
    - - Covers 5 types of contracts
        
        Promise to pay the debts of another (suretyship)
        
        Promise in consideration of marriage
        
        Service k not capable of being performed within a year from the time of the k
        
        Real estate contracts
        
        sale of goods for $500 or more
      - must be evidenced by a writing signed by the parties sought to be bound