BUSA 291 - Contracts - Contracts UCC sale of goods breach...

This preview shows page 1 out of 1 page.

Contracts UCC: - sale of goods - breach of contracts Contract requirements: - mutual assent: offer; accept/reject - consideration: receive something in return o something you have a right to do but don’t - legality of object: contract must not be criminal, tortious, or against public policy - capacity: must have mental capacity to enter contract o e.g. mental disease, intoxicated, minors (under 18) Void: no contract at all; without legal affect - lack of mutual assent - lack of consideration (e.g. gratuitous gift/promise) $500+ have to have contract in writing cannot be completed within one year has to be in writing bilateral: promise for promise unilateral: promise for performance express: stated in words (oral or writing)
Image of page 1

Unformatted text preview: implied: agreement is inferred from conduct executed: fully performed executor: not yet fully performed formal: legally binding because of for or mode of expression informal: all other types than formal enforceable non-contractual promises:-promissory estoppel: non-contractual promises o detrimental reliance o REMEDY: enforce promise to extent necessary to avoid injustice-quasi contract: obligation not based on contract that is imposed to avoid injustice o plaintiff confers benefit upon defendant o defendant knows/appreciates benefit o defendant’s retention of benefit is unequitable o REMEDY: plaintiff recovers reasonable value of benefit she conferred upon defendant...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern