Contracts Holy Grail

Contracts Holy Grail - DOES THE UCC APPLY? UCC 2-105 1) IS...

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DOES THE UCC APPLY? UCC §2-105 1) IS THERE A TRADITIONAL CONTRACT? a) R§1 – Contract Defined b) R§17 – Formation of Contract c) R§22 – Mode of Assent: Offer and Acceptance i) R§21 – Objective View of Intention to be Legally Bound (Ray v. Eurice) 2) HAS AN OFFER BEEN MADE? a) R§24 – Definition of an Offer (if not an offer then go to R§26) i) 4 Factors to consider b) R§26 – Preliminary Negotiations / Invitation to Deal? i) Advertisement c) Agreement to Agree i) R§33 – Certainty d) Formal Contract Contemplated – R§27 i) Quake Factors (9 factors) 3) IS OFFER REVOCABLE? (Or Has OFFER BEEN ACCEPTED?) question to ask depends on fact pattern a) If Offeree Accepts R§35 – Offeree’s Power of Acceptance b) If Offeree’s Acceptance is terminated by R§36 i) Death of Offeree - R§48 Definition ii) Lapse of Time - R§41 Definition ii) Revocation by Offeror - R§42 Definition I) R§43 – Indirect Revocation A) BUT is there Option Contract - R§25 (needs MMA and separate C)
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Contracts Holy Grail - DOES THE UCC APPLY? UCC 2-105 1) IS...

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