Contracts_Outline_Janger_Spring_2006

Contracts_Outline_Janger_Spring_2006 - CONTRACTS Spring...

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Chapter 2 – Enforcing Promises ................................................................................................................. 12 1. Objective Theory of Contracts ............................................................................................................... 12 Burch v. Second Judicial District of Nevada, (2002) (Subjugation to Terms in Adhesion Contract Delivered After Transaction Consummated were Unconscionable) ................................... 12 R(2d) §21 – Intention to Be Legally Bound (Objective Theory) ......................................... 13 ........................................................................ 13 Park 100 Investors, Inc. v. Kartes (Indiana Ct. of App. 1955) ......................................................... 13 2. Consideration: Benefit/Detriment and Bargained-for Exchanges .......................................................... 14 R(2d) §71 Restatement – Requirement of Exchange; Type of Exchange ........................... 14 R(2d) §79 – Adequacy of Consideration (No Benefit/Detriment; Equivalence of Exchanges; Mutuality of Obligation) ...................................................................... 14 Hamer v. Sidway, NY 1891 (Forbearance as Consideration) ......................................................... 14 Baehr v. Penn-O-Tex Oil Corp. (Minn. 1960) (Promise Not the Product of a Bargain; No Forbearance) ........................................................................................................................ 15 R(2d) §81 – Consideration as Motive or Inducing Cause .................................................... 15 3. Aspects of Consideration Doctrine: Gifts and Adequacy of Consideration .......................................... 16 Dougherty v. Salt (N.Y. 1919) (No Consideration Given [past consideration not valid]) ............. 16 Batsaksis v. Demotsis (Tx. 1949) (Even Though Contract is Unconscionable, Bargained-For Exchange Exists) ................................................................................................................. 16 4. Promissory Estoppel: Development of Doctrine ................................................................................... 18 R(2d) §90 – Promise Reasonably Inducing Action or Forbearance .................................... 18 Kirksey v. Kirksey ( Alabama 1845) (Promissory Estoppel Not Yet Recognized) ........................ 18 Greiner v. Greiner ( Kan. 1930) (Detrimental Reliance to Substitute for Consideration) .............. 18 Wright v. Newman (Ga. 1996) (Public Policy: Duty to Support a Child Enforceable Under Promissory Estoppel) .......................................................................................................... 19 5. Charitable Subscriptions ......................................................................................................................... 19
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Contracts_Outline_Janger_Spring_2006 - CONTRACTS Spring...

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