Lecture 5 Flashcards

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1
Q

vending machine contract enviro

A

-no negotiations/documents

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2
Q

handshake contract enviro

A

negotiations/some or no docs

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3
Q

internet/amazon contract enviro

A

telephonic/comp. communication/standardized terms

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4
Q

standardized forms contract enviro

A

some or no negotiations-single sided forms

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5
Q

lawyer involved contract enviro

A

negotiations/custom docs

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6
Q

offer-proposal to contract requirements

A
  1. must manifest contractual intent
  2. must be definite and certain enough
  3. must be communicated to the offeree
  4. must be a mirror image offer
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7
Q

factors to consider equivalency to i offer

A
  • words used
  • actions taken
  • circumstances
  • how definite/certain
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8
Q

must be definite and certain

A
  • must deal with major matters (id of parties, subject matter, time issues, price, etc)
  • thorough -avoid gaps
  • gap filling
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9
Q

gap filling

A

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)

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10
Q

to gap fill under common law, you must show that

A
  • 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)
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11
Q

Uniform Commercial Code

A

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
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12
Q

examples of gap filling rules under the UCC

A

2-305 Price
2-308 place for delivery
2-309 time
2-310 time for payment

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13
Q

output requirements for contracts

A
  • was quantity established in good faith?

- quantity cannot be unreasonably disproportionate

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14
Q

acceptance

A

manifestation of assent to terms

  • can be given by only offeree
  • must be unequivocal (“i accept”)
  • must be unconditional- no subject to counteroffers
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15
Q

mirror image offer

A

acceptance cannot change the offer-if changed its a counter offer

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16
Q

acceptance must be made…

A

expressly conditional

17
Q

additional terms

A

need to know whether both parties are merchants before you can answer

18
Q

additional terms (both are merchants)

A

additional terms are only proposals for additions to the contract and both parties must agree

19
Q

additional terms (both are not merchants)

A

additional terms automatically become part of the contract unless they are excluded under certain conditions set forth in subsection 2-207

20
Q

different terms-knockout rule

A

the conflicting terms are not included and you gap fill (WI does this, so we’ll do it for the class)

21
Q

different terms options

A
  • offeror’s term (dif. term) is binding

- deal with the dif. terms the same as additional terms under subsection 2

22
Q

if both parties are merchants, additional terms are automatically become part of the contract unless…

A
  • offer provided additional terms included in the acceptance would not be binding on the offeror
  • the additional terms materially alter the contract
  • the offeror objects to the additional terms within a reasonable period of time
23
Q

silence _____ acceptance

A

DOES NOT EQUAL

24
Q

expiration of a contract offer

A

term of offer is expressed, reasonable time has passed, death of offeror or offeree, destruction of subject matter upon learning of impossibility, rejection or counter offer, revocation by offeror

25
Q

limitation of revocations of contract offers

A

option (requires consideration), firm offer (sale of goods only), acceptance by offeree

26
Q

acceptance of a contract offer

A

language manifesting acceptance, unconditional and unequivocal language (no additions or differences), timely communicated (reasonable mode, not preceded by rejection/counteroffer), implied acceptance (conduct that manifests the above-deposit money)

27
Q

What is the UCC

A

The Uniform Commercial Code

APPLIES ONLY TO SALE OF GOODS NOT REAL ESTATE OR EMPLOYMENT OR OTHER CONTRACTS

28
Q

UCC 2-205

A

firm offer

  • has the same effect on an option but does not require consideration
  • offer by merchant, in writing and signed, is a promise to keep open and cannot be revoked until after stated date (if no date stated then reasonable time-3 months or less)
29
Q

UCC 2-206

A

Offer for prompt or current shipment can be accepted either by express acceptance or by act of shipment

  • if you ship and are non conforming its a breach of contract
  • if you ship, non conform, but notify the party, its a counteroffer
30
Q

UCC 2-207

A

changes the mirror image rule

  • if the expression of acceptance is clear (definite and certain) you have a contract, even if it’s different or additional to the offer (it may be a material difference)
  • if it is expressly conditional, then it’s a counteroffer, not an acceptance
31
Q

terms of section 2-207 if a contract is formed

A
  • if the offending terms are different, apply knock out rule (both parties terms are rejected) and use gap filling to apply a reasonable term
  • if the offending term is additional, the proposal can be accepted or rejected
32
Q

terms of section 2-207 if no contract is formed

A

if the expressions don’t form a contract, but the parties proceed as if they had a contract, then, it will be an implied contract and the terms will be those expressions agreed upon (throw out the rest) and apply gap filling to round out the rest

33
Q

rejection by offeree

A
  • rejection not valid until received by offeror
  • counteroffer is implied rejection
  • if rejected then accepted, whichever gets to offeror first wins
34
Q

if the place of delivery is not stated…

A

the place of delivery is the seller’s place of business

35
Q

is a counteroffer with inaction equaling acceptance valid?

A

no

36
Q

stuff that the courts can always gap fill

A

time for payment, mode of payment, and when the parties are to perform