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Contracts - Coggle Diagram
Contracts
Was there a valid and enforceable contract?
A legally enforceable agreement
UCC or Common Law?
Goods - UCC
Services and RE - Common Law
Tests
All or Nothing Test
Exception is divisible contracts
Predominant purpose test
Offer
a manifestation of a willingness to enter into an agreement (by offeror) creates a power of acceptance in the offeree
directed to a specific offeree
CL: all of the essential terms
UCC: quantity
Termination of an offer
Rejection
Counter Offer
Constructive Revocation
Death
Expressed Revocation
Reasonable amount of time passes
Irrevocable Offers
Firm Offer
UCC Merchant
Unilateral K with started performance
Unilateral
Promise for performance
Bilateral
Promise for promise
Option Contract
Detrimental Reliance
Reasonably relied
Acceptance
Statute of Frauds
Objective Test: does the offeror display the objectively serious intent to be bound
Defenses to Formation
Was there proper performance/breach?
Remedies?
Defenses or Excuses for performance/breach?