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Table of Contents
Intro; Preface to the Fourth Edition v; Preface to the Third Edition vii; Preface to the Second Edition ix; Preface to the First Edition xi; Chapter 1 Introduction 1; A. Scope of This Book 2; B. Sources of Contract Law 12; C. Contract Lawyers' Various Roles 14; D. Conclusion 14; Chapter 2 Bargain Theory for Enforcing Promises and the Requirement of an Agreement 17; A. The Bargain Theory of Consideration 17; 1. Bargained-for Exchange Versus Gift Promise 17; 2. The Promisor's Motive 20; 3. What Must Be Extracted 21; 4. Forbearance to Sue as Consideration 24
5. The Policies Behind Enforcing Bargained-for Exchanges 256. Adequacy of Consideration 28; 7. Mutuality of Obligation and Illusory Promises 30; 8. Preexisting Duty Doctrine and Accord and Satisfaction 34; 9. Promise for Benefit Received 40; 10. Summary 43; B. The Requirement of an Agreement 45; 1. The Objective Test of Assent 46; 2. Offer and Acceptance 49; a. Offer 49; b. Acceptance 53; 3. The Offeror Has the Power to Prescribe the Terms of the Offer 56; 4. Offers for Unilateral and Bilateral Contracts 57; 5. Duration of Offers 59; a. Rejection or Counter-Offer 60; b. Lapse of Time 61
C. Revocation 63d. Bars to Revocation-Option Contracts 64; e. Bars to Revocation-Beginning Performance of Unilateral Contracts 66; f. Bars to Revocation-Offers for Bilateral Contracts 68; 6. Bargaining at a Distance 71; a. Communication via the Mail or Telegram (The Old Stuff) 71; b. Electronic Offer and Acceptance 73; 7. Limitations of Agreement Law 75; a. The Legal Significance of Business Draft Agreements 77; b. The Requirement of Certainty in Business Agreements 80; c. Form Contracts Between Sellers and Buyers of Goods 81; d. Rolling Contracts 89
Chapter 3 Additional Theories for Enforcing Promises 93A. Promissory Estoppel 93; 1. Development of the Doctrine 93; 2. Section 90 in the Second Restatement 95; a. Promise 96; b. Promisor's Reasonable Expectations 99; c. Inducement of Action or Forbearance 100; d. Injustice 101; 3. Expansion of Promissory Estoppel 103; B. Unjust Enrichment 107; 1. Unenforceable Agreements 108; a. Keeping the Benefit Is Not Unjust 109; b. No Benefit 110; 2. Breach of an Enforceable Contract 111; a. Injured Parties May Recover Under Unjust Enrichment 112
B. Breaching Parties May Recover Under Unjust Enrichment 1133. Conferral of a Benefit in the Absence of a Contract 116; a. Business Relationships 117; b. Personal Relationships 120; C. Warranties 121; 1. Express Warranty 121; 2. The Implied Warranty of Merchantability 126; 3. The Implied Warranty of Fitness for a Particular Purpose 128; 4. Disclaimers 129; a. Disclaiming Express Warranties 130; b. Disclaiming Implied Warranties 131; 5. Caveat 132; Chapter 4 The Statute of Frauds 133; A. Background 134; B. Does the Statute of Frauds Apply? 138
5. The Policies Behind Enforcing Bargained-for Exchanges 256. Adequacy of Consideration 28; 7. Mutuality of Obligation and Illusory Promises 30; 8. Preexisting Duty Doctrine and Accord and Satisfaction 34; 9. Promise for Benefit Received 40; 10. Summary 43; B. The Requirement of an Agreement 45; 1. The Objective Test of Assent 46; 2. Offer and Acceptance 49; a. Offer 49; b. Acceptance 53; 3. The Offeror Has the Power to Prescribe the Terms of the Offer 56; 4. Offers for Unilateral and Bilateral Contracts 57; 5. Duration of Offers 59; a. Rejection or Counter-Offer 60; b. Lapse of Time 61
C. Revocation 63d. Bars to Revocation-Option Contracts 64; e. Bars to Revocation-Beginning Performance of Unilateral Contracts 66; f. Bars to Revocation-Offers for Bilateral Contracts 68; 6. Bargaining at a Distance 71; a. Communication via the Mail or Telegram (The Old Stuff) 71; b. Electronic Offer and Acceptance 73; 7. Limitations of Agreement Law 75; a. The Legal Significance of Business Draft Agreements 77; b. The Requirement of Certainty in Business Agreements 80; c. Form Contracts Between Sellers and Buyers of Goods 81; d. Rolling Contracts 89
Chapter 3 Additional Theories for Enforcing Promises 93A. Promissory Estoppel 93; 1. Development of the Doctrine 93; 2. Section 90 in the Second Restatement 95; a. Promise 96; b. Promisor's Reasonable Expectations 99; c. Inducement of Action or Forbearance 100; d. Injustice 101; 3. Expansion of Promissory Estoppel 103; B. Unjust Enrichment 107; 1. Unenforceable Agreements 108; a. Keeping the Benefit Is Not Unjust 109; b. No Benefit 110; 2. Breach of an Enforceable Contract 111; a. Injured Parties May Recover Under Unjust Enrichment 112
B. Breaching Parties May Recover Under Unjust Enrichment 1133. Conferral of a Benefit in the Absence of a Contract 116; a. Business Relationships 117; b. Personal Relationships 120; C. Warranties 121; 1. Express Warranty 121; 2. The Implied Warranty of Merchantability 126; 3. The Implied Warranty of Fitness for a Particular Purpose 128; 4. Disclaimers 129; a. Disclaiming Express Warranties 130; b. Disclaiming Implied Warranties 131; 5. Caveat 132; Chapter 4 The Statute of Frauds 133; A. Background 134; B. Does the Statute of Frauds Apply? 138