Part 3 Contracts Ch. 9 Introduction to Contracts

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Presentation transcript:

Part 3 Contracts Ch. 9 Introduction to Contracts Ch. 10 The Agreement: Offer Ch. 11 The Agreement: Acceptance Ch. 12 Consideration Ch. 13 Reality of Consent Ch. 14 Capacity to Contract Ch. 15 Illegality Ch. 16 Writing Ch. 17 Rights of Third Parties Ch. 18 Performance & Remedies

Introduction to Contracts 9 Chapter Nine Introduction to Contracts

Nature of Contracts Agreement- Legally Enforceable Promise Elements- Writing? Offer/Acceptance Voluntary/Capacity Legal/Consideration

Contracts Function Evolution-19th Century+ Methods “Creates Private Law” Facilitates Planning Evolution-19th Century+ Methods

Concepts/Types Bilateral vs. Unilateral Valid, Unenforceable, Voidable, Void Express/Implied Executed/Executory

Sources of Law Uniform Commercial Code- Art. 2 Common Law Sale of Goods Tangible, Moveable Property Common Law Services Intangible Goods Real Estate

UCC & Common Law “Hybrid Contracts” Differences Duty of Good Faith Unconscionable Contract Merchant vs. Nonmerchant Restatement of (2nd) Contracts

“Noncontracts” Quasi-Contract Promissory Estoppel Unjustly Enrich Matter of Law Reasonable Value Promissory Estoppel Promisor Induces Reliance Injustice

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