DEFENSES Flashcards
1
Q
DEFENSES
A
CAPACITY UNCONSCIONABILITY DURESS (ECONOMIC) AMBIGUITY MISREPRESENTATION FRAUD MISTAKE (UNI/BI) SOF
2
Q
SOF
A
- Promise to Marry
- Term of Years (K may not be performed within a year)
- Land /Interest in real property
- Executor
- Goods 500 plus and UCC
- Suretyship Pay the debt of ANOTHER. Main Purpose rule. If the guarantor was to benefit himself then it is NOT a surety and it is an exception to the SOF.
3
Q
EXCEPTIONS TO SOF
A
- REAL ESTATE (LEASE LESS PART PERF)
- SERVICE K FULL PERF
- GOODS (ACCEPTANCE, CUSTOM, JUDGE)
- MWM (MOW10 )
- MAIN PURPOSE IN SURETISHIP
4
Q
MODIFICATION AND SOF
A
ONLY IF NEW K IS IN THE SOF
5
Q
CLAUSE AGAINST ORAL MODIFICATIONS
A
IN COMMON LAW ARE UNENFORCEABLE SO CAN MODIFY K
6
Q
SOF REQUIREMENTS FOR UCC
A
QUANTITY
7
Q
SOF REQUIREMENTS FOR CL
A
MATERIAL TERMS AND SIGNED BY THE PARTY TO BE CHARGED
8
Q
SOF AND CUSTOM MADE GOODS
A
Oral contracts for specially manufactured goods not suitable for sale in the ordinary course of the seller’s business also are enforceable when the seller has begun substantially to perform.
9
Q
SOF AND GOODS
A
An oral contract for such goods is enforceable to the extent of goods received and accepted by the buyer OR
Admitted during judicial proceedings