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6 Cards in this Set
- Front
- Back
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Quasi Contract
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Equitable Remedy:
*P has conferred a benefit on D and P reasonably expected to be paid, and D realized unjust enrichment if not compensated *measurement of recovery is the value of the benefit conferred |
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Unilateral Contract
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Offer that expressly requires performance as the only possible method of acceptance
*reward, prize, contest *offer EXpressly requires performance for acceptance |
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Bilateral Contract
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All other contracts
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Article 2
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Article 2 applies to contracts that are primarily sales of goods. To determine whether Article 2 applies look at:
i)type of transaction--sale ii) subject matter of transaction--goods |
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Common law
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Govers service contracts; governs real estate
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Mixed deal
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Whichever is more important to the contract (goods or services) will determine which law applies
EXCEPTION--if contract divides payment among the goods and services, UCC will apply to the sales of goods, and the common law will apply to everything else |
