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9780827363243

The Law of Contracts and the Uniform Commercial Code

by
  • ISBN13:

    9780827363243

  • ISBN10:

    0827363249

  • Format: Hardcover
  • Copyright: 1995-02-13
  • Publisher: Cengage Learning
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Supplemental Materials

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Summary

This book is ideal for a study of contract law, this book covers all of the important features of common law contracts as well as Article II of the UCC. Chapter summaries, review questions, exercises, running glossary, and more help students fully grasp this complex area of the law.ALSO AVAILABLE INSTRUCTOR SUPPLEMENTS CALL CUSTOMER SUPPORT TO ORDERComputerized Test Bank, ISBN:0-8273-7134-9 Instructor's Manual, ISBN: 0-8273-6325-7

Table of Contents

Preface xxiii
Acknowledgments xxv
Table of Cases
xxvii
PART I: AN INTRODUCTION TO CONTRACTS 1(238)
Contract Law: A General Introduction
2(18)
The Law of Contracts
2(3)
The Common Law of Contracts
3(1)
The Restatements of Contracts
3(1)
The Uniform Commercial Code
4(1)
The Contract Defined
5(4)
The Elements of Contract
7(2)
Contracts Classified
9(6)
Bilateral and Unilateral Contracts
9(2)
Express and Implied Contracts
11(1)
Quasi Contracts
12(1)
Executed and Executory Contracts
13(1)
Valid, Void, Voidable, and Enforceable Contracts
14(1)
Formal and Informal Contracts
14(1)
Practical Application
15(5)
Summary
18(1)
Review Questions
18(1)
Exercises
19(1)
Formation of a Contract: Offer and Acceptance
20(21)
Rreliminary Issues: An Offer or Preliminary Negotiation
20(6)
Offeror Must Have Intent
20(2)
Terms of Offer Must Be Definite
22(2)
Offeror Must Communicate Offer
24(1)
Advertisements and Solicitations
24(2)
Acceptance of the Offer
26(6)
Written Acceptance
27(1)
The Mailbox Rule
28(1)
Oral Acceptance
29(1)
Implied Acceptance
30(2)
Unilateral and Bilateral Contracts Distinguished
32(1)
Mirror Image Rule
32(1)
Termination of the Offer
32(4)
Action of the Parties
32(1)
The Counteroffer
33(1)
Rejection
33(1)
Revocation
34(1)
Expiration or Lapse of Time
34(1)
Operation of Law
35(1)
Legality
35(1)
Death
35(1)
Insanity
35(1)
Destruction of the Subject Matter
36(1)
Practical Application
36(5)
Summary
38(1)
Review Questions
39(1)
Exercises
39(2)
Mutual Assent of the Parties
41(26)
Mutual Assent Defined
41(1)
Methods of Destroying Mutual Assent
42(20)
Fraud
42(1)
Misstatement of Fact
43(1)
Fact Is Material
43(1)
Knowledge of False Statement
43(1)
Intent to Deceive
43(1)
Reliance on Misstated Fact or Representation
44(1)
Representation Caused Damage
44(1)
Effect of Fraud
44(2)
Misrepresentation
46(1)
The Duty of Disclose
47(3)
Duty to Disclose: Fiduciaries
50(1)
Mistake
51(1)
Mutual Mistake
51(3)
Unilateral Mistake
54(1)
Duress
55(1)
Coercion
55(3)
Undue Influence
58(2)
Unconscionability
60(1)
Procedural Unconscionability
61(1)
Substantive Unconscionability
62(1)
Practical Application
62(5)
Default Provisions
63(1)
Interest Provisions
64(1)
Remedy Provisions
64(1)
Summary
64(1)
Review Questions
65(1)
Exercises
65(2)
Consideration: The Value for the Promise
67(19)
The Nature of Consideration
67(1)
The Elements of Consideration
68(4)
A Detriment or Benefit
68(1)
Bargained Exchange of the Parties
68(1)
For Value
69(1)
Money
70(1)
Property
70(1)
Services
70(1)
Acts of Forbearance
70(1)
A Promise Between the Parties
71(1)
Value Must Be Legal
71(1)
The Adequacy of Consideration
72(2)
Absence of Consideration
74(3)
Gifts
74(1)
Illusory Promises
74(1)
Moral Consideration
75(1)
Past Consideration
76(1)
Preexisting Duty
76(1)
The Exceptions: Contracts Enforceable Without Consideration
77(4)
Promissory Estoppel
77(3)
Statute of Limitations
80(1)
Bankruptcy
81(1)
Benefits Received
81(1)
Consideration in Dispute
81(1)
Liquidated Claims
81(1)
Unliquidated Claims
82(1)
Practical Application
82(4)
Summary
84(1)
Review Questions
84(1)
Exercises
85(1)
Capacity: The Ability to Contract
86(17)
Defining Legal Capacity
86(1)
A Minor's Contractual Capacity
87(8)
Necessities
89(4)
Misrepresenting Age
93(1)
Ratification: Validating a Contract
94(1)
The Capacity of Insane and Mentally Ill Persons
95(3)
Other Persons Lacking Capacity
98(1)
Intoxicated or Drugged Persons
98(1)
Aliens
98(1)
Convicted Felons
99(1)
Practical Application
99(4)
Summary
101(1)
Review Questions
101(1)
Exercises
102(1)
Legality in Contracts
103(20)
Legality: A Necessity for Enforceability
103(1)
Contracts Violating a Statute
104(4)
Usury Laws
104(3)
Wagering Laws
107(1)
Sunday Laws
107(1)
Unlicensed Performance Laws
107(1)
Contracts Violating Public Policy
108(10)
Covenants Not to Compete
114(1)
Covenants Incident to a Business
114(1)
Covenants Incident to Employment
115(1)
Exculpatory Clauses
115(3)
Exceptions to Illegality
118(2)
Divisible Contracts
120(1)
Practical Applications
120(3)
Summary
121(1)
Review Questions
121(1)
Exercises
122(1)
Proper Form of the Contract: The Writing
123(33)
Understanding the Statute of Frauds
123(2)
Types of Contracts Required to Be in Writing
125(9)
Contracts Not to Be Performed Within One Year
125(2)
Contracts of a Third Party to Pay the Debt of Another
127(1)
Main Purpose Rule
128(1)
Contracts Made by Executors and Administrators of Estates
129(1)
Contracts in Consideration of Marriage
129(1)
Contracts for the Transfer of Real Property
130(4)
Additional Contracts Requiring Writing
134(1)
The Uniform Commercial Code's Statute of Frauds
134(1)
Satisfying the Statute of Frauds: The Writing
134(4)
Interpretation of a Contract
138(7)
Rules of Interpretation
138(1)
The Strict Construction Doctrine
138(1)
Plain Meaning
139(1)
General versus Specific Terms
140(1)
General Custom and Usage
141(1)
Summary of Interpretation
141(1)
The Parol Evidence Rule
141(3)
Merger Clauses: The Presumption of a Contract
144(1)
Integrated Contracts
144(1)
Partially Integrated Contracts
145(1)
Exceptions to Parol Evidence Rule
145(4)
Practical Applications
149(7)
Summary
153(1)
Review Questions
154(1)
Exercises
154(2)
Performance and Discharge of the Contract
156(32)
Conditions to Performance
156(8)
Condition Precedent
157(3)
Concurrent Condition
160(1)
Condition Subsequent
160(2)
Express and Implied Conditions
162(2)
Discharging Contractual Obligations
164(1)
Discharge by Performance
164(3)
Substantial Performance
165(2)
Discharge by Agreement
167(4)
Rescission
167(1)
Release
168(1)
Novation
168(3)
Accord and Satisfaction
171(1)
Discharge by Contract Terms
171(1)
Discharge by Nonperformance
171(8)
Impossibility of Performance
171(3)
Relexing the Doctrine of Impossibility: Impracticability of Performance
174(2)
Frustration of Purpose
176(1)
Failure of a Condition
176(1)
Breach of Contract
176(3)
Anticipatory Breach
179(1)
Discharge by Operation of Law
179(1)
Bankruptcy
180(1)
Statute of Limitations
180(1)
Contract Modification: Threats of Nonperformance
180(3)
Practical Application
183(5)
Summary
186(1)
Review Questions
186(1)
Exercises
187(1)
Remedies in Contract Law
188(28)
Distinguishing Between Legal and Equitable Remedies
188(1)
Legal Remedies or Damages
189(14)
Compensatory Damages
189(3)
Consequential Damages
192(2)
Punitive Damages
194(1)
Nominal Damages
195(1)
Liquidated Damages
196(4)
Mitigation of Damages
200(3)
Equitable Remedies
203(6)
Specific Performance
203(4)
Injunctive Relief
207(1)
Rescission
207(2)
Reformation
209(1)
Restitution and Reliance as a Remedy
209(2)
Restitution
209(1)
Reliance Damages
210(1)
Election of Remedies
211(1)
Practical Application
211(5)
Summary
213(1)
Review Questions
213(1)
Exercises
214(2)
Third-Party Contracts
216(23)
Defining the Relationship in Third-Party Contracts
216(6)
Intended Beneficiary
217(1)
Donee Beneficiary
218(1)
Creditor Beneficiary
219(1)
Incidental Beneficiary
220(2)
The Privity Problem
222(1)
Distinguishing Between Assignments and Delegations
223(1)
Assignments
223(3)
Perfecting the Assignment
225(1)
Assumption of Rights and Obligations under an Assignment
226(1)
Nonassignable Contract Rights
226(3)
Delegation in Contracts
229(3)
Novation Distinguished
232(2)
Practical Application
234(5)
Summary
235(1)
Review Questions
236(1)
Exercises
237(2)
PART II: AN INTRODUCTION TO THE UNIFORM COMMERCIAL CODE 239(132)
Sales: Article 2 of the Uniform Commercial Code
240(38)
Understanding the Uniform Commercial Code
240(2)
The Scope of Article 2
242(2)
Formation of the Contract: Departure from Common Law
244(5)
Modifying the Mirror Image Rule
249(10)
Missing and Open Terms
250(1)
Additional Consistent Terms
251(4)
Output and Requirements Contracts
255(4)
Unconscionability in Sales Contracts
259(4)
Procedural Unconscionability
260(1)
Substantive Unconscionability
260(3)
Writing Requirements under Article 2: The Statute of Frauds
263(5)
Parol Evidence Rule
266(1)
Course of Dealing
266(1)
Usage of Trade
266(1)
Course of Performance
267(1)
A New Addition: Article 2 on Leases
268(3)
Practical Applications
271(7)
Summary
276(1)
Review Questions
277(1)
Exercises
277(1)
Performance under Article 2; Seller and Buyer Duties
278(25)
General Obligations
278(1)
Seller's Duties and Obligations
279(3)
Delivery by Common Carrier
279(1)
Delivery to a Bailee
279(2)
Delivery by Document of Title
281(1)
Delivery of the Goods: No Delivery Place
281(1)
Shipment Contracts: Parties' Rights and Responsibilities
282(3)
Buyer's Duties and Responsibilities
285(7)
Right to Inspect
286(6)
Payment
292(1)
Payment by Check
292(1)
Letters of Credit
292(1)
Payment Against a Document of Title
293(1)
Special Types of Sales under Article 2
293(4)
Sale on Approval
293(3)
Sale or Return
296(1)
Auction Sales
297(1)
Bulk Sales and Transfers
297(2)
Practical Application
299(4)
Summary
301(1)
Review Questions
301(1)
Exercises
302(1)
Title, Risk of Loss, and Warranties
303(33)
General Rules of Passage of Title and Risk of Loss
303(1)
Passage of Title: Shipment Contracts
304(1)
Passage of Title: Destination Contracts
304(1)
Passage of Title: Other Considerations
305(2)
No Delivery Requirement in Contract
305(1)
Documents of Title
305(1)
By Agreement of the Parties
305(1)
Sale on Approval
306(1)
Revesting of Title
306(1)
Void and Voidable Title
307(4)
Entrustment of Goods
309(2)
Special Problems in Risk-of-Loss Situations
311(1)
Warranties and Sales
312(12)
Express Warranties
312(1)
Statement of Fact or Promise to Buyer
312(1)
Description of the Goods
313(1)
Sample or Model
314(1)
Implied Warranties
314(1)
Warranty of Title
314(4)
Warranty of Infringement
318(1)
Warranty of Merchantability
318(3)
Warranty of Fitness for a Particular Purpose
321(3)
General Warranty of Protection: Magnuson-Moss Act
324(1)
The Right to Exclude Warranties
325(2)
Persons Covered under Warranties
327(1)
Remedies for Breach of Warranty
328(4)
Negligence
329(1)
Strict Liability
330(2)
Practical Application
332(4)
Summary
334(1)
Review Questions
335(1)
Exercises
335(1)
Seller and Buyer Remedies
336(35)
Overview of the Available Remedies
337(1)
Remedies Available to Seller
337(14)
Withhold Delivery of Goods
337(2)
Stoppage of Delivery in Transit
339(1)
Resale of Goods
340(5)
Lawsuit for Damages
345(4)
Cancellation of the Contract
349(1)
Reclamation of Goods
349(2)
Buyer's Remedies
351(9)
Lawsuit for Damages
351(1)
Cover the Sale
352(3)
Specific Performance
355(1)
Replevin
355(1)
Buyer's Resale of the Goods
356(1)
Cancellation
356(1)
Revocation of Acceptance
356(4)
Retain Goods with Adjustment
360(1)
Contractual Remedies
360(2)
Anticipatory Repudiation
362(3)
The Doctrine of Impracticability
365(2)
Statute of Limitations
367(1)
Practical Applications
367(4)
Summary
368(1)
Review Questions
368(1)
Exercises
369(2)
PART III: DRAFTING CONTRACTS 371(49)
Drafting a Contract: The Essentials
372(17)
Predrafting Considerations
373(1)
Knowing What the Client Wants
373(1)
Develop a Plan of Organization
374(1)
Choose a Model or Form
375(1)
Language in the Contract
376(3)
Word Choice
379(2)
Ambiguity
380(1)
Contractions
381(1)
Neutralizing Terminology: Bias-Free Writing
381(1)
Grammatical Structure in the Contract
381(3)
Sentence Structure
381(1)
Voice and Tense
382(1)
Parallel Construction
382(1)
Run-On Sentences and Sentence Fragments
382(1)
Punctuation
383(1)
Editing and Rewriting
384(2)
Practical Application
386(3)
Summary
386(1)
Review Questions
387(1)
Exercises
387(2)
Drafting a Contract: Specific Provisions
389(31)
The General Contractual Agreement
390(12)
Identity of the Parties
390(1)
Definitions Section
391(1)
Representations and Conditions
391(1)
Duration
391(1)
Termination Provisions
392(1)
Performance
392(1)
Time for Performance
393(1)
Payment
393(2)
Indemnification
395(1)
Limitation of Liability
395(1)
Time of the Essence
396(1)
Liquidated Damages
396(1)
Restrictive Covenants
397(1)
Arbitration
397(1)
Merger Clauses
398(1)
Choice of Governing Law and Choice of Forum
399(1)
Assignability
399(1)
Notice
399(1)
Signatures of Parties and Date
400(1)
Sample Contract
401(1)
The Sales Contract
402(6)
Description of Goods
403(1)
Quantity
403(1)
Price
404(1)
Title
405(1)
Delivery
405(1)
Warranties
406(1)
Credit
406(1)
Remedies Provided to the Parties
407(1)
Miscellaneous Standard Provisions
407(1)
Practical Application
408(12)
Employment Agreement
408(4)
Sale of Business Contract
412(6)
Summary
418(1)
Review Questions
418(1)
Exercises
419(1)
Glossary 420(11)
Index 431

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The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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