7 general areas/ vocabulary

Question 1

what are the 7 general issues on K acronym (AFTPTRE)

Answer 1

Armadillos From Texas Play Tennis, Ridding Elephants

Question 2

what are the 7 general issues (Armadillos From Texas Play Tennis, Ridding Elephants)

Answer 2

1) Applicable law
2) Formation of contracts
3) Terms of contract
4) Performance
5) Third-Party problems
6) Remedies
7) Excuse of nonperformance

Question 3

is unilateral K usually applied?

Answer 3

NO. almost never

Question 4

unilateral K offer def

Answer 4

an offer that EXPRESSLY REQUIRES performance AS THE ONLY METHOD OF ACCEPTANCE

Question 5

bilateral K OFFER def

Answer 5

all other offers besides unilateral. (offer is silent as the method of acceptance

Question 6

when are the only time unilateral K offer apply

Answer 6

1) reward
2) prize
3) contest
4) offer expressly requires PERFORMANCE AS ACCEPTANCE

Question 7

what is a quasi-contract

Answer 7

not a contract at all. just an Equitable remedy, not governed by rule of law but equity.

Question 8

big picture

Answer 8

1) K formation
(a) offers, acceptance, consideration
(b) rejection, revocation, counter-offer
(c) unilateral K, bilateral K, option K, firm offer
- UCC/CL

2) Defenses to formation

3) K terms
- Parol Evidence, mistake, shopping terms etc

4) Conditions to K
5) 3rd party B

6) assignments/ delegation: GR all assignments/ delegations are fully assignable/ degable
x/c: 1) personal service K
2) long term service K

7) excuses to performance
(a) impossibility
(b) impracticability
(c) frustration of purpose

8) breach/ remedies (law/equity)
- material/ minor