Contracts Mnemonics

Question 1

All Contracts Dont Stink (contract formation)

Answer 1

Agreement[offer and acceptance]; Consideration; Defenses; Statute of Frauds

Question 2

Pizza With Crawling Escargot (enforceability of contract)

Answer 2

Parol Evidence Rule; Warranties; Conditions; Excuses

Question 3

MY LEGS OR Mr. SOUR (SOF)

Answer 3

Marriage; One Year; Suretyship; Goods 500+; Sale of Land

Question 4

RID (promissory estoppel test)

Answer 4

Reasonably expectation of reliance; Injustice will occur if contract is enforced; detrimental reliance

Question 5

FOOD (irrevocable offers)

Answer 5

Firm Offer; Option; Offeree started performance(partial performance); Detrimental Reliance

Question 6

Please Buy Dirty Bubbles (consideration)

Answer 6

Promise; Bargained for exchange; Detriment promisor; Benefit to promisee

Question 7

Charles Don’t Do Little Red Rooster (offer termination)

Answer 7

Counter Offer; Death(incapacity); Destruction(illegality); Lapse of Time; Rejection; Revocation

Question 8

DR FIR discharges you from (excuses)

Answer 8

Destruction or Injury; Release; Frustration of Purpose; Impracticability; Rescission

Question 9

Triple P M (promises binding w/o consideration)

Answer 9

Pay a debt barred by SOL; Perform voidable duty; Promissory Estoppel; Material Benefit Rule

Question 10

Baby Mama Key Note (mutual mistake)

Answer 10

Both parties mistaken as to essential element; Must be substantial difference between deal as contemplated and actual deal with no intent by parties to bear risk of that element; K generally voidable by party adversely affected; Neither party can avoid K if reformation available to cure mistake

Question 11

P U Paula (req. quasi K)

Answer 11

P conferred measurable benefit on D; P acted without gratuitous intent; and Unfair to let D retain benefit