Chapter 15 - Written Contracts

Undertheucc needonlynamethequantitytermandbe

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Unformatted text preview: ory Estoppel Special Exceptions under the UCC Sufficiency of the Writing Sufficiency Under the Statue of Frauds: Must identify subject matter, consideration, other essential terms, and must be signed by the party against whom enforcement is sought. Under the UCC: Need only name the quantity term and be signed by the party to be charged. Parol Evidence Rule Parol Oral representations or promises made prior to the contract’s formation or at the time the contract was created, may not be admitted in court. Integrated Contracts Exceptions to the Parol Evidence Rule Parol Contracts subsequently modified Voidable or Void contracts Contracts containing ambiguous terms Prior dealing, course of performance, or usage of trade Contracts subject to orally agreed­on conditions Contracts with an obvious or gross clerical error that clearly would not represent the agreement of the parties Review Problem 1 Review Mallory promises a local hardware store that she will pay for a lawn mower that her brother is purchasing on credit if the brother fails to pay the debt. Must this promise be in writing to be en...
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This note was uploaded on 12/11/2013 for the course BLAW 2361 taught by Professor Bible during the Fall '08 term at Texas State.

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