Defenses to Enforceability Flashcards
Age
a contract with a minor is VOIDABLE at the option of minor
Mental Illness
VOID
Duress
Wrongful Threat
Undue Influence
Uneven bargaining position
Unconscionability
Result itself will be unfair
Illegal
Unenforceable
Unilateral Mistake
Generally not a defense UNLESS
- other party knew of mistake
- clerical error
Mutual Mistake
Both Parties mistaken about material term
Remedy: rescission
Intentional Misrepresentation
Knew/should have known of falsity with intent to induce reliance
Negligent Misrepresentation
Causes the innocent party to detrimentally rely
Non-compete Clauses
reasonable under the circumstances
Statute of Frauds
MYLEGS
Marriage
One Year
Land
Executor
Guarantor/Surety
Sale of goods of $500 or more
SoF Land Exception
showing of 2 out of 3:
1) Some payment
2) possession of lang
3) Valuable improvements
SoF Guarantor/Surety Exception
1) Look to main purpose/ motive
2) If self-serving, contract does NOT need to be in writing
SoF Sale of goods of $500 Exception
1) Partial Performance will take contract out of SOF
2) Merchant Confirmation:
- Confirmation signed by sender
- Includes the quantity
- No written objection within 10 days