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Key UCC Contract Law Concepts

This document summarizes key concepts and elements of contract law, including: 1. The predominant purpose test for determining if the UCC applies to mixed goods and services contracts. 2. Requirements for offer and acceptance, including definiteness, intent to be bound, consideration, and the battle of the forms rules. 3. Rules regarding nonconforming goods, cure, and modifications. 4. Defenses to enforcement of contracts such as duress, undue influence, fraud, statute of frauds, infancy, and mental capacity. 5. Implied contracts under promissory estoppel and quasi-contract theories. 6. The duty of good faith

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0% found this document useful (0 votes)
114 views2 pages

Key UCC Contract Law Concepts

This document summarizes key concepts and elements of contract law, including: 1. The predominant purpose test for determining if the UCC applies to mixed goods and services contracts. 2. Requirements for offer and acceptance, including definiteness, intent to be bound, consideration, and the battle of the forms rules. 3. Rules regarding nonconforming goods, cure, and modifications. 4. Defenses to enforcement of contracts such as duress, undue influence, fraud, statute of frauds, infancy, and mental capacity. 5. Implied contracts under promissory estoppel and quasi-contract theories. 6. The duty of good faith

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koreanman
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Concepts and Elements

Predominant Purpose Test


-Mixed goods and services
UCC 2-104 (Mercant!
-"eals in goods o# te $ind% or
-&olds imsel# out as aving special $no'ledge or s$ills
(##er )enerall*
-"e#inite intent to +e +ound
-(+,ective% out'ard expression
-(##eree reasona+l* deduce po'er to create -
.dvertisement as (##er
-/ot o##er% unless0
-invite per#ormance o# speci#ic act
-'itout #urter communication
-leave noting #or negotiation
1uotations
-/ot o##er% unless0
-"e#inite intent to +e +ound
UCC 2-202 (3irm (##er!
-4riting
-5igned +* Mercant
-/o consideration re6uired
-Time stated or reasona+le time% +ut 7 8monts
.cceptance )enerall*
-Must +e as o##er9s terms re6uire
-(##eree9s assent to +e +ound
:ilateral .greement (o##er re6uests promise!
-Promise must +e communicated
-Communication must eiter0
-:e received +* o##eror
-:e in a 'a* li$el* to reac o##eror or
Unilateral .greement (o##er re6uests per#ormance!
-:eginning per#ormance created option contract
-/oti#ication o# per#ormance generall* unnecessar*
Unspeci#ied or Merel* 5uggested Metod o# .cceptance
-.cceptance +* promise or per#ormance
Time #or .cceptance0 po'er to accept terminates0
-;evocation +* o##eror
-lapse in time
-deat o# part*
-;e,ection or counter-o##er
<ast 5ot ;ule
-Terms in last o##er=counter-o##er +e#ore per#ormance govern
UCC 2-20> (/on-Con#orming )oods!
-(##er to purcase #or prompt=current sipment
-.cceptance +* prompt or current sipment
-?alid agreement% even i# goods are noncon#orming
-/o agreement i# notice o# accommodation
UCC 2-20@ (Cure!
-;e,ection o# non-con#orming goods% and eiter
-Time to per#orm A notice re cure A con#orming deliver*% or
-;easona+le grounds A notice re cure A con#orming deliver*
UCC 2-20B (:attle o# 3orms! Acceptance
-5upersedes common la' last sot rule
-Cnconsistent terms in o##er and acceptance
-Expression o# acceptance or 'ritten con#irmation
-(perates as acceptance% even i# o##eree does not assent% unless
-.cceptance is expressl* conditional upon asssent
UCC 2-20B (:attle o# 3orms! Governing Terms
-Cali#ornia rule vD ma,orit* rule
-C# eiter part* is not a mercant% inconsistent terms govern
onl* i# o##eree assents to term
-C# +ot parties are mercants% inconsistent terms govern unless
(##er expressl* limits acceptance to its terms
Material alteration
/oti#ication o# o+,ection
C# an* o# tese tree% o##eror9s terms govern
UCC 2-20B No Valid Acceptance, but Parties Acts Show K
-4ritings o# te parties are insu##icient to so' a contract (i.e.%
acceptance is expressl* conditional upon assent!
-Parties act as i# tere is a contract
-Consistent terms and gap #illers govern
Promissor* Estoppel
-Promise
-;easona+l* #oreseea+le to induce reliance
-Eusti#ia+le reliance
-Eustice re6uires en#orcement
1uasi Contract
-/o promise
-:ene#it con#erred
-Un,ust enricment
-Eustice re6uires en#orcement
Consideration
-:argained #or
-Per#ormance% #or+earance% alteration o# legal relationsip
-:ene#it to promisor or detriment to promisee
5tatute o# 3rauds
-;eal propert*
-5uret*sip
-Per#ormance necessaril* past one *ear
-5ale o# goods F G200
-Exceptions
.ge
-?oida+le +* minor
-"isa##irm +e#ore reacing ma,orit* or reasona+le time a#ter
-/ecessities exception
Mental Capacit*
-?oida+le +* mentall* de#icient part*
-Una+le to understand transaction in reasona+le manner
-Una+le to act reasona+l* A reason to $no' o# condition
Pre-Existing "ut* ;ule0 #or modi#ication% eiter
-"ut* is dou+t#ul or su+,ect to onest dispute
-/e' consideration
UCC 2-20H (Modi#ications!
-/o ne' consideration i# good #ait% legitimate +usiness reason
"uress
-4rong#ul treat
-Precludes #ree 'ill
-/o reasona+le option
Undue Cn#luence
-Ta$ing advantage o# anoter9s 'ea$ness o# mind or necessit*
-Precludes #ree 'ill
3raud
-Misrepresentation% concealment% dut* to disclose% opinion
-Contri+utes to assent
-4it or 'itout $no'ledge o# #alsit*
-Eusti#ia+le reliance
UCC 8-811 (.ccord and 5atis#action!
-Conspicuous IPaid in 3ullJ
-Uncertain de+t or good #ait dispute
-"eposited cec$
Unconsciona+ilit*
-5u+stantive (soc$s conscience in C.% igl* unreasona+le
else'ere!
-Procedural (adesion - or une6ual +argaining po'er!
)ood 3ait and 3air "ealing
-&onest* in #act in te per#ormance o# contract
Cllegal Contracts0 - re6uires illegal act or #acilitates illegalit*
-Covenants not to compete
Parol Evidence ;ule0 excludes oral=prior 'ritten agreements
-4riting signed +* +ot parties (integration!
-Exceptions% nota+l* am+iguit* and #airl* suscepti+le
-"oes not appl* to su+se6uent oral modi#ications
-Complete versus partial integration
-/aturall* omitted=not certainl* included
-Trade usage% course o# dealing% course o# per#ormance

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