FL Contracts & Sales Essay Rules

Question 1

Choice of Law

Answer 1

Common law - Services or Land
UCC - Sale of good

In this case “this one” applies because “insert facts.

Question 2

Contract Formation

Answer 2

1. Offer
2. Acceptance
3. Consideration

Question 3

Offer

Answer 3

An offer is an outward manifestation of an intent to enter into a contract with specific terms communicated to the offeree. Offers are revocable until the offeree accepts.

Question 4

Advertisements

Answer 4

Advertisements are not offers, just an invitation to deal but there are times were they are offers.

Question 5

Firm Offer

Answer 5

The offer is irrevocable for a period of time but extra consideration is needed.

Question 6

Unilateral K

Answer 6

Once performance begins the offer becomes irrevocable

Question 7

Counter offer

Answer 7

A counter offer changes the term of the contract and no contract has been created.

Question 8

Acceptance

Answer 8

Some sort of communication to enter into the contract.
The offer can be accepted by any reasonable manner unless the offeror specifies a manner of acceptance.

Question 9

CL - Mirror Image Rule

Answer 9

The acceptance has to mirror the offer.

Question 10

UCC Acceptance

Answer 10

Different terms are acceptable as long as they are not altering the term of the contract.

Question 11

Consideration

Answer 11

Bargain for exchange between the parties.
In Florida, there needs to be a legal detriment or benefits to the parties.

Question 12

Contract Modification

Answer 12

Changes a material term of the contract.

Question 13

CL Modification

Answer 13

In the CL contract modification we will need additional consideration for it to be valid.

Question 14

UCC K Modification

Answer 14

For contract modification to be valid under the UCC all we need is good faith.