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11 Cards in this Set
- Front
- Back
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CONTRACTS
Level 1 -- (10) |
1. Applicable Law (5)
2. Formation (6) 3. Terms (2) 4. Third Party Rights (3) 5. Conditions (2) 6. Performance (2) 7. Breach (2) 8. Remedies (6) 9. Fixtures (2) 10. Statute of Frauds (4) |
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CONTRACTS
Level 2 - Applicable Law (5) |
1. C.L.
2. U.C.C. 3. Goods 4. Merchants 5. Mixed Goods/Services K: (2) --->Predominant Factor Test --->Gravament of Injury Test |
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CONTRACTS
Level 2 - Formation (6) |
1. Offer*
2. Termination* 3. Acceptance* *AGREEMENT 4. Consideration 5. Modification: (2) --->C.L.: Modification needs consideration. --->U.C.C.: Good faith modification of K w/o consideration 6. Defenses |
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CONTRACTS
Level 2 - Terms (2) |
1. Parol Evidence
2. U.C.C. --->Parol Evidence --->Warranties |
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CONTRACTS
Level 2 - Third Party Rights (3) |
1. Third Party Beneficiary
2. Assignment 3. Delegation |
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CONTRACTS
Level 2 - Conditions (2) |
1. Is there condition?
2. Has it been excused? |
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CONTRACTS
Level 2 - Performance (2) |
1. Satisfied
2. Discharged: (3) --->Impossibility --->Impracticability --->Frustration |
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CONTRACTS
Level 2 - Breach (2) |
1. Major
2. Minor |
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CONTRACTS
Level 2 - Remedies (6) |
1. Damages (6)
2. Restitution 3. Specific Performance (IDFMD) -- (5): --->Inadequate Legal Remedy --->Definite & Certain Terms --->Feasibility of Enforcement --->Mutuality --->Defenses 4. Rescission 5. Reformation 6. Injunction: (3) --->T.R.O. --->Preliminary --->Permanent |
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CONTRACTS
Level 2 - Statute of Frauds (4) |
1. Governs contracts that must be in writing.
2. Contacts that are unenforceable absent a written agreement, which must contain certain information: (4) ---->Identity of parties --->subject matter --->consideration --->signed by party to be charged 3. Contracts involving: (5) --->Land --->Marriage --->Debt of Another --->Cannot be completed in One Year --->Sale of Goods -- $500 or more. 4. Exceptions |
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CONTRACTS
Level 2 - Fixtures (2) |
1. Proper Filing
2. Priority Rules |
