Contracts MBE Mnemonics Flashcards
1
Q
Contact Defenses
Mnemonic
“SPAM I.C.U. DUPI FUUS”
A
S Statute of Frauds P Parole Evidence Exceptions A Ambiguity M Mutual Mistake I Illusory C Capacity or Infancy U Ultra Vires D Duress U Unfair P Penalty Clause I Illegal F Fraud U Unilateral Mistake U Undue Influence S Statute of Limitations "MY LEGS"
2
Q
Statute of Frauds “MY LEGS”
A
M Marriage Y Year L Land E Executor G Goods $500 S Surety
3
Q
Statute of Frauds Exceptions “SWAP”
A
S Specially manufactured goods
W Written confirmation by merchant
A Admission in proceeding
P Performance by payment or acceptance
4
Q
Parole Evidence Exceptions “DAM FOIL”
A
D Duress A Ambiguity M Mistake F Fraud O Oral Condition precedent I Illegality L Lack of Consideration
5
Q
Equitable Remedies”4R’S L”
A
R Restitution R Recission R Reliance R Reformation S Specific Performance L Liquidated Damages
6
Q
Recission “MUM-III”
A
M Mutual Mistake U Unilateral Mistake M Misrepresentation I Illegality I Impossibility I Incapacity
