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5 Cards in this Set
- Front
- Back
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impractablity doctrine |
comes into play where performance is still physically possible, but would be very burdensome for the party whose performance is due |
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impossibility |
excuse for the nonperformance of duties under a contract, based on a change in circumstances (or the discovery of preexisting circumstances), the nonoccurrence of which was an underlying assumption of the contract, that makes performance of the contract literally impossible. |
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UCC Firm Offer |
Can't revoke for 90 days if 1. Merchants 2. WRITTEN and SIGNED promise to keep open |
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Offers become irrevocable |
1. Option Ks 2. Detrimental Reliance that's reasonably forseeable 3. Start of Performance |
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Acceptance is |
1. Full performance 2. Start performance in BILATERAL K 3. Send wrong goods, UNLESS with explanation then it's a counteroffer 4. Promise to perform |
