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20 Cards in this Set
- Front
- Back
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Contract
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Legally enforceable agreement (agreement and something else)
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Elements of Quasi Contract
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1. Benefit Conferred
2. P reasonably expected to be paid 3. Unjust enrichement if P not compensated |
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Measure of Recovery for Quasi-Contract
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Focus on the value of the benefit conferred
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Bilateral Contract
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Reasults from an offer that is open to any method of acceptance
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Unilateral Contract
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Results from an offer that expressly requires performance for as acceptance
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A contract is bilateral unless...
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1. reward, prize or a contest
2. offer expressly requires performance for acceptance |
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A F T P R E T
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Armadillos From Texas Play Rap Eating Tacos
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Armadillos
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Applicable Law
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From
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Formation
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Texas
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Terms of Contract
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Play
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Performance
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Rap
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Remedies for unexcused performance
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Eating
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Excuse of Non-Performance
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Tacos
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Third Party Problems
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When does Article 2 apply?
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Sale of goods
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What are the factors that determine if article 2 applies?
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1. transaction type must be a sale
2. subject matter must be goods |
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Goods
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tangible, personal property
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What applies to service contracts?
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Common Law
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What applies to real estate?
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Common Law
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What applies to the sale of goods?
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UCC Article 2
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