Intro

Question 1

three questions

Answer 1

1) has a contract been formed
2) has contract been performed or excused
3) remedies for breach of contract

Question 2

Look for universe

Answer 2

CL vs UCC

Question 3

formation of k

Answer 3

1) offer acceptance
2) consideration
3) defenses
4) SOF

Question 4

at cl

Answer 4

need all essential terms

parties, subject, price, quantity

Question 5

ucc

Answer 5

need subject, parties, quantity

Question 6

output k

Answer 6

seller promises to sell 100% to buyer

Question 7

requirement k

Answer 7

buyer promises to buy 100%

Question 8

merhant offer

Answer 8

same

Question 9

acceptance

Answer 9

offeror is the master of offer

Question 10

if not specified,

Answer 10

return promise or performance

Question 11

accepts by shipping wrong goods?

Answer 11

acceptance and breach

Question 12

exception:

Answer 12

seller seasomably notifies buyer that goods are being shipped as an accomodation, then you have a counteroffer

Question 13

to determine whether new terms in acceptance control look at,

Answer 13

1) both parties merchants
2) new term does not materially alter the deal
3) initial offer did not limit acceptance to its terms and
4) offeror does not object

Question 14

if no k, but everybody acts like there is

Answer 14

only terms everyone agrees on stays and everyhting else is UCC bound

Question 15

auction k

Answer 15

each bid is an offer

Question 16

acceptance occurs with the

Answer 16

fall of the hammer

Question 17

if someone bids exactly when hammer falss

Answer 17

auctioneer can re-open or call it

Question 18

reserve auction

Answer 18

seller cannot withdraw an item after a bid has been received

Question 19

can bidders retract?

Answer 19

yes if auction not finished; does not revive prior bid