Applicable Law Flashcards
7 general issues: Armadillos from Texas play rap, eating tacos
- Applicable law
- Formation of contracts
- Terms of contract
- Performance
- Remedies for unexcused nonperformance
- Excuse of nonperformance
- Third-party problems
Unilateral contract – results from….
an offer that expressly requires performance as the only possible method of acceptance.
ASSUME ON EXAM THAT IT’S A bilateral contract unless
unless (1) reward, prize, contest (2) offer expressly requires performance for acceptance.
USE COMMON LAW ON BAR EXAM EXCEPT
EXCEPT IN CASE OF ART. 2 OF UCC FOR SALE OF GOODS.
ARTICLE 2 OF THE UCC applies to
contracts that are primarily for sales of goods. The factors that determine whether Article 2 applies are thus (i) type of transaction – sale and (ii) subject matter of transaction – goods, i.e., tangible, personal property.
Does UCC Art 2 apply to R/E? Goods? Services?
Only goods.
In mixed deals w/ goods and services, when does UCC Art 2 apply? Is UCC Art 2 generally all or nothing for each K?
When goods are more important part of K, UCC Art 2 analysis for whole thing, even if dispute is re the services. UCC 2 APPLIES TO ALL OR NOTHING IN EACH K. Except when payment is separated into goods and services, in which case UCC Art 2 for goods and common law analysis for services.