Contracts -- Applicable Law*

Front 1

Unilateral K

Back 1

Offer that expressly requires performance as only possible method of acceptance

Front 2

Bilateral K

Back 2

Offer than is silent as to acceptance

Front 3

Bilateral K -- Exceptions
(2)

Back 3

1) reward, prize, contest
2) offer expreslly requires performance for acceptance

Front 4

Equitable Remedy

Back 4

K rules do not apply; basis in equity

Arises in quasi-contract

Front 5

Quasi-K
(3)

Back 5

1) P conferred benefit on D;
2) P reasonably expected to be paid;
3) D would realize unjust enrichment if P not compensated

Front 6

Quasi-k

Measury of Recovery

Back 6

Focus on value of benefit

not K price; K price serves as a ceiling

Front 7

Common Law v. Article 2

Back 7

Common Law -- services

Article 2 -- Sales of goods

All or nothing, depending on the majority UNLESS mixed deal that separates payment

Front 8

Formation of a Contract
(4)

Back 8

1) Offer
2) Termination of Offer
3) Acceptance
4) Consideration