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20 Cards in this Set

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