fall 2010 bule 402 contracts 3 repost

fall 2010 bule 402 contracts 3 repost - Contracts Prof....

Info iconThis preview shows pages 1–14. Sign up to view the full content.

View Full Document Right Arrow Icon
2/6/11 Contracts Prof. Julie Shubin Bule-402-002-F10 Commercial Law © Julie Shubin 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
Click to edit Master subtitle style 2/6/11 I'm suing for breach of contract, I ordered orange fur!
Background image of page 2
2/6/11 Contracts continued Chapter 15 Written Contracts Chapter 16 Third Parties Chapter 17 Performance and Discharge Chapter 18 Remedies
Background image of page 3

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

View Full DocumentRight Arrow Icon
2/6/11 Chapter 15 concepts Written Contracts “A verbal contract isn’t worth the paper it’s written on .” Samuel Goldwyn, Hollywood producer
Background image of page 4
2/6/11 “The parties to disputes very often could have avoided litigation with a few carefully crafted sentences. It is worth the time and effort to write them.”
Background image of page 5

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

View Full DocumentRight Arrow Icon
2/6/11 The Statute of Frauds Many agreements are unenforceable, unless it, or some memorandum of it, is in writing and signed. These include: For any interest in land That cannot be performed within one year To pay the debt of another Made by an executor of an estate Made in consideration of marriage;
Background image of page 6
2/6/11 Agreement for Interest in A contract for interest in land must be in writing to be enforceable. Exception: Full Performance by the Seller Exception: Part Performance by the Buyer the buyer of land may be able to enforce an oral contract if she paid part of the price and either entered
Background image of page 7

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

View Full DocumentRight Arrow Icon
2/6/11 Agreements That Cannot Be Performed Within One Year Unenforceable unless in writing. p When one person agrees to pay the debt of another as a favor to that debtor, it is called a collateral promise. p If the promisor makes the guarantee out of self-interest, the statute of frauds does not apply. Promise to Pay Debt of Another
Background image of page 8
2/6/11 Promise Made by and Executor of an Estate An executor’s promise to use her own funds to pay a debt of the deceased must be in writing to be enforceable. Promise Made in Consideration of Marriage Unenforceable unless in writing.
Background image of page 9

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

View Full DocumentRight Arrow Icon
2/6/11 What the Writing Must Contain The contract or memorandum must be signed by the defendant, and It must state with reasonable certainty: the name of each party
Background image of page 10
2/6/11 Sale of Goods -- UCC §2-201(1) - The Basic A contract for sale of goods worth $500 or more is not enforceable unless there is some writing, signed by the defendant, indicating that the parties reached an agreement. A change has been proposed to raise the minimum from $500 to
Background image of page 11

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

View Full DocumentRight Arrow Icon
2/6/11 Sale of Goods -- UCC §2-201(2) - Merchants’ Within a reasonable time of making an oral contract, if one merchant sends a written confirmation to the other, and the confirmation is definite enough to bind the sender herself, then the merchant who receives the confirmation will also be bound by it unless he objects in
Background image of page 12
2/6/11 Sale of Goods -- UCC §2-201(3) - Special An oral contract may be enforceable, even without a written memorandum, if: The seller is specially manufacturing the goods for the buyer, or The defendant admits in court proceedings that there was a
Background image of page 13

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

View Full DocumentRight Arrow Icon
Image of page 14
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/05/2011 for the course BULE 402 taught by Professor Shubin during the Fall '10 term at George Mason.

Page1 / 54

fall 2010 bule 402 contracts 3 repost - Contracts Prof....

This preview shows document pages 1 - 14. Sign up to view the full document.

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