Chapter 15 - Written Contracts

Undertheucc needonlynamethequantitytermandbe

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
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