I - INTRODUCTION TO CONTRACTS

I - INTRODUCTION TO CONTRACTS - 1) AGREEMENT 2)...

Info iconThis preview shows pages 1–13. Sign up to view the full content.

View Full Document Right Arrow Icon
INTRODUCTION TO CONTRACTS T. LEIGH ANENSON, J.D., LL.M. “Contracts are agreements made up of big words and little type.” Sam Ewing, quoted in Saturday Evening Post, May 1993
Background image of page 1

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

View Full DocumentRight Arrow Icon
CONTRACT LAW Introduction to Contracts The Agreement: Offer The Agreement: Acceptance Consideration Reality of Consent Capacity to Contract Illegality Writing Rights of Third Parties Performance & Remedies
Background image of page 2
What contracts have you made recently?
Background image of page 3

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

View Full DocumentRight Arrow Icon
Learning Objectives Nature of contracts Basic elements of a contract Basic contract types Sources of contract law Non-contract obligations
Background image of page 4
Not every promise is legally enforceable But when a set of promises has the status of contract, a person injured by a breach of that contract is entitled to call on the government (courts) to force the breaching party to honor the contract Contract law is ancient law, but has evolved to reflect social change NATURE OF CONTRACTS
Background image of page 5

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

View Full DocumentRight Arrow Icon
ELEMENTS OF A CONTRACT
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
Background image of page 9

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

View Full DocumentRight Arrow Icon
Background image of page 10
Background image of page 11

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

View Full DocumentRight Arrow Icon
Background image of page 12
Background image of page 13
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1) AGREEMENT 2) CONSIDERATION 3) CAPACITY 4) LAWFUL OBJECT CONTRACT CLASSIFICATIONS UNILATERAL BILATERAL EXECUTORY EXECUTED VALID VOIDABLE VOID EXPRESS IMPLIED SOURCES OF CONTRACT LAW COMMON LAW UNIFORM COMMERCIAL CODE (SALE OF GOODS ONLY) CONVENTION ON THE INTERNATIONAL SALE OF GOODS (CISG) UCC: SALE OF GOODS GOODS: tangible, movable, personal property DOES NOT APPLY TO: sale of services intangible property (stocks, intellectual property) real estate MIXED SALE SITUATION: whether goods or services predominates in the contract (vs. gravamen test focuses on part of contract at issue) The UCC and Common Law NON-CONTRACT DUTIES QUASI-CONTRACT PROMISSORY ESTOPPEL FOUR ELEMENTS: PROMISSORY ESTOPPEL 1) PROMISE 2) REASONABLE RELIANCE 3) ACTUAL RELIANCE 4) INJUSTICE REVIEW: CONTRACT AND NONCONTRACT RECOVERY...
View Full Document

Page1 / 13

I - INTRODUCTION TO CONTRACTS - 1) AGREEMENT 2)...

This preview shows document pages 1 - 13. Sign up to view the full document.

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