Lecture 5 Flashcards
vending machine contract enviro
-no negotiations/documents
handshake contract enviro
negotiations/some or no docs
internet/amazon contract enviro
telephonic/comp. communication/standardized terms
standardized forms contract enviro
some or no negotiations-single sided forms
lawyer involved contract enviro
negotiations/custom docs
offer-proposal to contract requirements
- must manifest contractual intent
- must be definite and certain enough
- must be communicated to the offeree
- must be a mirror image offer
factors to consider equivalency to i offer
- words used
- actions taken
- circumstances
- how definite/certain
must be definite and certain
- must deal with major matters (id of parties, subject matter, time issues, price, etc)
- thorough -avoid gaps
- gap filling
gap filling
if court can reach fair/just result can gap fill if intent of contract is obvious (court will not make a contract if to indefinite)
to gap fill under common law, you must show that
- the parties intended to be bound to each other contractually
- there is a reasonably certain basis for filling the gap (some frame work/sensible way for court)
Uniform Commercial Code
only applies to sale of goods
- can be made in any manner sufficient t show agreement
- any agreement can be found even if the moment of its making is undetermined
- even w/ holes the contract holds parties intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy
examples of gap filling rules under the UCC
2-305 Price
2-308 place for delivery
2-309 time
2-310 time for payment
output requirements for contracts
- was quantity established in good faith?
- quantity cannot be unreasonably disproportionate
acceptance
manifestation of assent to terms
- can be given by only offeree
- must be unequivocal (“i accept”)
- must be unconditional- no subject to counteroffers
mirror image offer
acceptance cannot change the offer-if changed its a counter offer