Acing contracts : a checklist approach to contracts law / Suzanne Darrow-Kleinhaus.
2010
KF801.Z9 D37 2010 (Map It)
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Details
Author
Title
Acing contracts : a checklist approach to contracts law / Suzanne Darrow-Kleinhaus.
Published
St. Paul, Minn. : West, [2010]
Copyright
©2010
Call Number
KF801.Z9 D37 2010
Other Title
Checklist approach to contracts law
ISBN
9780314171719 (pbk.)
0314171711 (pbk.)
0314171711 (pbk.)
Description
xv, 375 pages ; 24 cm.
System Control No.
(OCoLC)611902514
Bibliography, etc. Note
Includes bibliographies.
Series
Record Appears in
Gift
Gift of Prof. Marvin A. Chirelstein
Gift
The Arthur W. Diamond Law Library
Gift of Prof. Marvin A. Chirelstein
Table of Contents
Introduction
1
1.
Introduction to Contract Law
5
What is a Contract?
6
Central Themes of Contract Law
7
Sources of Contract Law
8
Common Law
8
Restatement (Second) of Contracts
8
Uniform Commercial Code (UCC)
9
Revisions to the UCC
10
Classifying Contracts
11
Void, Voidable, and Unenforceable Contracts
11
Express, Implied, and Quasi-Contracts
12
Structure of This Book
13
The Contracts Timeline
14
2.
Offer and Acceptance
18
The Objective Test
18
Unilateral and Bilateral Contracts
19
Review of Offer
20
Terminating an Offer
23
Revocation
23
Rejection or Counter-Offer
24
Lapse of Time
24
Death or Incapacity
25
Review of Acceptance
25
Acceptance by Promise
26
Acceptance by Performance
27
"The Mailbox Rule"
28
Silence and Dominion as Acceptance
30
Review of Option Contracts and Irrevocable Offers
30
Consequences of Irrevocability
33
Review of Formation Under the UCC
33
"Firm Offers"
35
"Battle of the Forms"
35
Formation Issues in the Internet Age
40
Offer and Acceptance Checklist
41
Illustrative Problems
55
Problem 2.1
55
Analysis
56
Problem 2.2
59
Analysis
60
Points to Remember
63
3.
Consideration
68
Review of Consideration
68
The Requirement of Exchange
69
What is Sufficient Consideration?
70
Adequacy of Consideration
70
Sham and Nominal Consideration
71
Mutuality of Obligation
72
Settlement of Claims
72
Illusory Promises
73
Exclusive Dealings
74
Satisfaction Clauses
74
Requirements and Output Contracts
75
Modification and the Pre-Existing Duty Rule
76
Modification Under the UCC
78
Accord and Satisfaction
78
Review of Promises Lacking Consideration
79
Gratuitous Promises
79
Past Consideration
79
Moral Obligation/Material Benefit Rule
80
Review of Promissory Estoppel
82
Consideration Checklist
83
Illustrative Problems
88
Problem 3.1
88
Analysis
89
Problem 3.2
90
Analysis
92
Points to Remember
93
4.
Statute of Frauds
95
Review of the Statute of Frauds
95
Satisfying the Statute
98
Exceptions
99
Part Performance
99
Unilateral Contracts
100
Promissory Estoppel
100
Review of the Statute of Frauds Under the UCC
101
Statute of Frauds Checklist
102
Illustrative Problems
105
Problem 4.1
106
Analysis
106
Problem 4.2
107
Analysis
108
Points to Remember
111
5.
Defenses and Limits on Enforceability
114
Review of Defenses
115
Misunderstanding
115
Capacity to Contract
117
Infancy
117
Mental Incapacity
118
Mistake
120
Mutual Mistake
120
Unilateral Mistake
121
Scrivener's Error
121
Comparing Mutual Mistake to Impracticability
122
Misrepresentation
123
The Fraudulent/Material Aspect
123
Opinion Vs. Fact
124
Non-Disclosure/Concealment
124
Duress and Undue Influence
125
Unconscionability
127
Illegality and Public Policy
128
Defenses Checklist
129
Illustrative Problems
139
Problem 5.1
139
Analysis
140
Problem 5.2
142
Analysis
143
Problem 5.3
145
Analysis
147
Points to Remember
148
6.
Parol Evidence and Interpretation
151
Review of the Parol Evidence Rule
151
Applying the Parol Evidence Rule
152
Collateral Agreement Rule
155
Merger Clauses
156
Limits to the Parol Evidence Rule
157
Condition Precedent
157
Review of Parol Evidence Under the UCC
158
Review of Interpretation Doctrine
159
Rules in Aid of Interpretation
160
Parol Evidence Checklist
163
Interpretation Checklist
166
Illustative Problem
170
Problem 6.1
170
Analysis
172
Points to Remember
174
7.
Performance: Promises and Conditions
178
Review of Conditions
178
Promises, Conditions, and Promissory Conditions
180
Classifying Promises
182
Classifying Conditions
184
Condition Precedent
184
Concurrent Conditions
185
Condition Subsequent
185
Express Conditions
186
Constructive Conditions
186
Conditions of Satisfaction
188
Review of Excuse of Conditions
189
Waiver Under the UCC
191
Promises and Conditions Checklist
193
Illustrative Problems
199
Problem 7.1
199
Analysis
201
Problem 7.2
204
Analysis
204
Points to Remember
206
8.
Warranties
209
Review of Warranty of Title
210
Review of Implied Warranties
210
Warranty of Merchantability
211
Warranty of Fitness for a Particular Purpose
211
Review of Express Warranties
212
Review of Exclusion of Warranties
213
Disclaimers of Express Warranties
213
Disclaimers of Implied Warranties
214
Modification or Limitation of Remedies
215
Warranties Checklist
216
Illustative Problem
221
Problem 8.1
221
Analysis
222
Points to Remember
225
9.
Impracticability and Frustration of Purpose
227
Review of Impracticability
228
Review of Frustration of Purpose
230
Impracticability Checklist
231
Frustration of Purpose Checklist
234
Illustrative Problems
235
Problem 9.1
235
Analysis
237
Problem 9.2
239
Analysis
240
Points to Remember
242
10.
Anticipatory Repudiation
245
Review of Anticipatory Repudiation
246
What Constitutes a Repudiation
247
Right to Assurances
248
Retracting a Repudiation
248
Responding to an Anticipatory Repudiation
249
Exception to the Rule
250
Anticipatory Repudiation Checklist
250
Illustative Problem
254
Problem 10.1
254
Analysis
256
Points to Remember
259
11.
Material Breach and Substantial Performance
261
Review of Breach
261
Material Breach
262
Substantial Performance
263
The Concept of Cure
265
Divisible Contracts
266
Review of Breach Under the UCC
267
The Perfect Tender Rule
268
The Right to Cure
268
Installment Contracts
269
Material Breach and Substantial Performance Checklist
271
Illustrative Problems
275
Problem 11.1
275
Analysis
276
Problem 11.2
279
Analysis
279
12.
Contract Remedies
284
Review of Remedies
284
The Efficient Breach
287
Calculating Expectation Damages
287
Varying the Formula
290
When Neither Party Has Performed
290
When there Has Been Part Performance
291
Diminution in Value
291
Cost of Completion or Repair
292
Limitations on Recovery of Expectation Damages
293
Foreseeability
293
Mitigation/Avoidability
294
Certainty
295
Reliance and Restitution Damages
295
Where the Breaching Party Seeks Restitution
299
Agreed Remedies
299
Liquidated Damages
300
Limiting Remedies
300
Review of Equitable Remedies
301
Specific Performance
301
Injunctions
302
Review of Remedies Under the UCC
304
Seller's Remedies
305
Buyer's Remedies
308
Cover and Market Damages
308
Warranty---Accepting Non-Conforming Goods
309
Consequential and Incidental Damages
309
Liquidated Damages
310
Remedies Checklist
311
Illustrative Problems
322
Problem 12.1
322
Analysis
324
Problem 12.2
326
Analysis
327
Problem 12.3
328
Analysis
328
Problem 12.4
328
Analysis
329
Points to Remember
331
13.
Third Party Interests
334
Review of Third Party Beneficiaries
334
Distinguishing Between Intended and Incidental Beneficiaries
334
Requirement of Vesting
336
Rights of Parties
337
Beneficiary's Rights Against the Promisor
337
Beneficiary's Rights Against the Promisee
337
Promisee's Rights Against Promisor
338
Review of Assignment and Delegation
338
Assignment of Rights
339
What Constitutes an Effective Assignment?
339
Limitations on Assignability
340
Anti-Assignment Clauses
340
Delegation of Duties
341
Review of Novation
343
Third Party Interests Checklist
343
Illustrative Problems
347
Problem 13.1
347
Analysis
348
Problem 13.2
348
Analysis
349
Problem 13.3
350
Analysis
350
Points to Remember
351
Conclusion: General Examination Tips
353
Preparing for Your Exam
353
Taking the Exam
355
After the Exam
358
Essay Writing Checklist
358
Appendix: Summary-Checklists
361