Fall 2010 Business Law and the Legal Environment - Exam 2 Review

Fall 2010 Business Law and the Legal Environment - Exam 2 Review

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Business Law and the Legal  Environment Exam 2 Review Fall 2010
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Elements of a Contract Agreement Meeting of the minds Offer Acceptance Consideration Legality Capacity
Background image of page 2
Introducing Contracts Types of Contracts Hybrid Contracts (Predominant Factor Test) Statute of Frauds (MY LEGS) Exceptions to the Statute of Frauds UCC v. Common Law requirements for a writing Parol Evidence Rule– keeps outside contract stuff out
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Agreement Offer Intent to enter into a present bargain Definite terms communicated to the Offeree Termination of an Offer Acceptance Mirror Image Rule---common law Battle of Forms Mailbox Rule------can be tricky
Background image of page 4
Consideration Exchange of mutual obligations Illusory Promises---- asshole rule Past Consideration – never enough
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 8
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Preexisting Duty Rule police example Accord and Satisfaction Defenses to Contract Formation Legality Capacity Exculpatory Clauses Unconscionable Contracts Requirement and output contracts Performance of a Contract Performance of a Contract Conditions Strict v. Substantial Performance ---remember the continuum on the board Personal Satisfaction Contracts--- horse peeing example Warranties Express Warranties Implied Warranties Breach Remedies Remedies Compensatory Damages Consequential Damages Incidental Damage Reliance Damages Restitution Damages Specific Performance Injunctions Reformation ---- equitable!! Liquidated Damages Mitigation...
View Full Document

This note was uploaded on 11/04/2010 for the course MKTG 3340 taught by Professor Smith during the Spring '10 term at Roanoke.

Page1 / 8

Fall 2010 Business Law and the Legal Environment - Exam 2 Review

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online