BLW 273 Business Law I Common Law Contracts © 2009 Darren A. Prum, MBA, JD.

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Presentation transcript:

BLW 273 Business Law I Common Law Contracts © 2009 Darren A. Prum, MBA, JD

BLW 273 Contracts »Types of Contracts © 2009 Darren A. Prum, MBA, JD

BLW 273 Contracts »What Law Applies? »Tests for Differentiation: »If it is GOODS, then use the UCC »If it is Real Estate or services, then Common Law © 2009 Darren A. Prum, MBA, JD

BLW 273 Contracts »Do We Have a Contract? »Offer »Elements »Content »Duration or life of an offer © 2009 Darren A. Prum, MBA, JD

BLW 273 Contracts »Do We Have a Contract? (continued) »Acceptance »Consideration »Non-Valuable Promises »Pre-existing Duty © 2009 Darren A. Prum, MBA, JD