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Part 3 Contracts Ch. 9 Introduction to Contracts

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Presentation on theme: "Part 3 Contracts Ch. 9 Introduction to Contracts"— Presentation transcript:

1 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

2 Introduction to Contracts
9 Chapter Nine Introduction to Contracts

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

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

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

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

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

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


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