Applicable Law

Question 1

What does a Unilateral Contract result from?

Answer 1

results from an offer that expressly requires performance as the only possible method of acceptance

Question 2

What does a Bilateral Contract result from?

Answer 2

all other offers, usually offer is silent as to the method of acceptance

Bilateral contract unless (1) reward, prize, contest (2) offer expressly requires performance for acceptance

Question 3

What kind of remedy can you get form a Quasi Contract?

Answer 3

equitable remedy only

Question 4

Common Law applicable to what?

Answer 4

Everything but sales of goods contracts

Question 5

Article 2 Applicable to what?

Answer 5

Sales of goods.

Question 6

Factors to determine if Art. 2 applies

Answer 6

(1) type of transaction–sale and (2) subject matter of the transaction–goods (i.e. tangible, personal property)

Question 7

which law applies in Mixed Deals?

Answer 7

The more important part to the deal controls (i.e. car sold for $40K with two lessons in parallel parking=Art. 2 because it is primarily for a sale of goods.)

Question 8

Exception to Mixed Deals

Answer 8

If contract divides payment, treat as two separate deals. E.g. yo yo sold for $10 and lessons for $39,990, is two separate deals in which Art. 2 applies to the yo yo sale and CL to the lessons