Contracts Outline Mk. II – getting there but still not quite done

 

Table of contents

 

Word list 3

What’s a contract?. 4

Remedies. 4

Three interests: expectation, reliance, and restitution. 4

What kind of law applies?. 4

UCC Article 2 – Sale of goods. 4

Seller in default - § 2-711. 5

Market price - § 2-723. 5

Cover - § 2-712. 5

Buyer in default - § 2-703. 6

Mitigation or Avoidability – § 350(1) 6

Fixed costs and variable costs – overhead. 6

Mitigation by taking another job. 7

Lost volume seller - § 2-708(2) 7

Anticipatory repudiation - § 2-610. 7

Foreseeability (Hadley v. Baxendale) - § 351(2) and § 2-715(2)(a) 8

Exception to Hadley: No emotional distress damages. 9

Rules of attorneys’ fees. 9

Reliance damages and the uncertainty limitation on expectation damages. 9

Restitution - §§ 371, 373. 9

Plaintiff in default seeking restitution - § 374, § 2-718(2)(b) 10

Substantial performance - § 348(2)(a) 11

Liquidated damages and penalties - § 356. 12

Specific Performance - § 357. 12

Specific enforcement of contracts for the sale of land. 13

Specific enforcement of personal service contracts. 13

Non-competition clauses related to employment 14

Non-competition clauses related to the sale of a business. 14

Specific performance of arbitration orders. 14

What promises ought to be enforced?. 14

Formality and the seal 15

Consideration - § 71. 15

Reasons not to enforce certain promises. 15

Gift transactions. 15

Statute of frauds - § 110 et seq. 16

Settlement of claims - § 74. 16

The volunteer and quasi-contracts. 17

Promises grounded in the past - § 86. 17

Promissory estoppel - § 90. 17

Part performance of land promises - § 139. 18

Preexisting legal duty rule - § 73. 18

Statutory modification of the preexisting legal duty rule - § 2-209. 19

Illusory promises. 19

Alternative performances. 19

Output, requirements, and exclusive contracts - § 2-306. 20

Franchising. 20

Contract formation. 20

Mutual assent – §§ 20 and 201. 21

Offers. 22

Duration of the power of acceptance. 23

Option contracts and firm offers - §§ 45 and 87(2), § 2-205. 23

Conduct concluding a bargain. 25

The battle of the forms – UCC § 2-207. 25

The knock-out rule. 27

Contracts of adhesion. 27

Deal now, terms later. 28

Offer, revocation and rejection by mail – §§ 40 and 42. 28

Acceptance is effective on dispatch – the mailbox rule of Adams v. Lindsell (§ 63) 29

Silence as acceptance – § 69. 29

The parol evidence rule – § 213 and UCC § 2-202. 30

Two kinds of integrations. 31

UCC § 2-202. 32

Fraud. 32

Reformation. 33

The interpretation of writings – §§ 202-207. 34

Assent to standardized forms – exculpatory clauses. 35

Policing the bargain – defenses. 35

The doctrine of infancy – § 14. 35

The doctrine of mental incompetence – § 15. 36

Undue influence – § 177. 36

Duress – §§ 174-176. 37

Modification of an executory contract – § 89. 38

Accord and satisfaction – § 281. 38

Constructive fraud. 39

Mutual mistake – § 152. 39

Warranties – § 2-313. 40