ISSUES that will/ will not/ or might be on exam

 

  1. Payment in full checks procedure per UCC 3-311
  2. Minors incapacity issues DEFINITELY ON EXAM
  3. 2-201 (2) statute of frauds NOT ON EXAM
  4. 2-328 auction rules
  5. overtaking exceptions to mailbox rule: restatement 40 NOT ON EXAM
  6. Restatement §69- acceptance by silence

 

 

 

 

 

 

 

Contracts I Outline

 

I.  Introduction to Course

  1. Contract- a promise or set of promises for the breach of which the law gives a remedy.
    1. “quid pro quo” The promise must include an exchange or performance

 

  1. Promise- an undertaking that something shall or shall  not happen in the future
    1. The promisee must understand a commitment has been made

 

  1. Immutable rules- Rules that cannot be changed governing contracts (court decisions)

 

  1. The restatement will be used as the common law rule

 

  1. The UNIFORM COMMERCIAL CODE is binding law relating to the sale of goods.
    1. RULE:  The UCC refuses to refuses to enforce contracts that omit the quantity to be sold = default quantity of zero!
    2. The Ucc and Restatement will differ

 

  1. Sullivan v, O’connor- (focus on damages and type of recovery)  Doctor = plastic surgery Promise was to make her beautiful but he disfigured her.  REMEDIES:
    1. RULE:  Expectation interest/ Expectancy (better place)-  put the him in a place as if the contract had been performed.  move the vic to a better place.  Vic will gain wealth.  The difference between old nose and dream nose

                                                              i.      = actual the contract would have had at time performed (not hopes)

                                                            ii.      EX:  Lost profits

                                                          iii.      Cant give expectation for doctor because medicine not an exact science and doctors cant promise success

                                                          iv.      Here you wouldn’t get anything back that was part of the contract (such as first two operation costs) you would only get the value of what you expected to have at the conclusion  of the contract.

    1. RULE:  Reliance Interest (directly as was before promise)- puts him in good a place he would have been had the contract not been made plus loss due to reliance

                                                              i.      Example:  pain and suffering

                                                            ii.      You would get the $ back from first two ops because you relied on the promise of a good nose

    1. Restitution- restore to him any benefit he has conferred onto the other party
    2. YOU CAN ONLY RECOVER ONE TYPE OF INTEREST IN A SUIT!

 

  1. RULE: Comparable UCC remedy 1-106 (pg 147)
    1. The aggrieved party may be put in as good a position as if the other party had fully performed but no punitive, penal damages etc…
  2. RULE:  NO punitive damages contract law = theory of efficient breach, only reliance and compensatory damages

 

 

 

 

II.                Consideration

 

 

RULE:  Restatement 71 page 55 Promise plus consideration

  1. To constitute consideration a performance or a return promise must be bargained for
  2. A performance of return promise if bargained for if it is sought by the promiser in exchange for his promise and is given by the promisee in exchange for that promise
  3. The performance may consist of
    1. An act other than a promise
    2. A forbearance, or
    3. The creation, modification, or destruction of a legal relation

 

The performance of return promise may be given to the promiser or to some other person. It may be given by the promise or by some other person

 

A.     Rule mostly tends to be consideration or nothing

 

B.     RULE:  TWO QUESTIONS OF CONSIDERATION!

1.      The promisor must by his promise be inducing or prompting the promisee to fulfill contract AND

 

2.      Was hope of getting her to perform prompting the promise?(Kirksey)

 

a.      The promisor must be trying to get something out of the arrangement.

 

b.      There must be a condition of the bargain; No condition then no consideration

 

 

Hypo:  Father and daughter estranged and father wants to meet. His says: If you come to lunch then I will give you a ring.

 

Good because the condition = she come to lunch and father had reason (was induced to make the promise to repair the relationship)

 

Hypo:  peace of mind of the promisor is good enough

 

Hypo:  Can a brothers mere desire for contact with his nephews be necessary consid.?  The court must find a bona fide benefit.

 

Hypo:  Rich man tells man to follow his directions to store and get himself an outfit on his account, but changes his mind before bum arrives at store.  Not enforceable b/c rich man gets no benefit.

 

A.  Bargain for Exchange

 

                                    The performance must be

1.      Sought by the promisor, and

2.      Given by the promisee in exchange for the promise

 

B.  Detriment and Benefit

1.      Each party must suffer a detriment or a benefit

 

2.      Each the promisors promise and the promises promise or performance must be inducing the other, but the promisor’s promise must be induced and made because of the detriment or performance the promise requests of the promisee.

 

3.      Gain or advantage to the promisor is not needed, in order for consideration to be present, the promisor must only get what he bargained for.

1.      Hypo:  Al promised Buster that is he stopped smoking, Al would give Buster his skis.  Thus Buster is suffering a detriment and forbearing smoking and Al suffers the detriment of giving the skis.  There is an exchange.

 

4.      Detriment = yielding of a legal right

a.       Can be the form of an immediate act (doing or giving something)

b.      Forbearance (refraining from something)

c.       Partial or complete abandonment of  an intangible right

d.      Can also be any of the previous three to do in the future

 

5.      The detriment cannot be only a condition to a gift. 

1.      Hypo:  If you walk over to my car, I will give you my skis.  (This performance is not inducing the promisor to make the promise!)

6.      There does not have to be an equivalent in the number of promises and performances provided by each party.

a.       Two exceptions:

                                                                                                                           i.      Consideration unfair due to dishonest, fraud or honest mistake

                                                                                                                         ii.      Consideration given for a promise has so small a value that it is considered a gift (nominal value)

 

C.     PROMISOR MUST BE INDUCED BY PERFORMANCE RULE:

The pledge must prompt the promisee to act in a certain way, and the performance of the promise must be the inducement (reason) for the promisor’s pledge.

 

1.      Does the promisor have a reason for making the promise, is he getting something?

 

2.      The something does not have to be tangible, and the court refuses to measure the benefit of the promisor’s inducement.

 

D.     Measure of Detriment and Inducement: RULE:  Restatement 81 Even if the promise seems to be MOSTLY A GIFT, (mostly out of kindness) if any small consideration exists at all, the whole promise is enforceable.

1.      Hypo:  Uncle promises nephew $, if nephew refrains from smoking, drinking.  The nephew is giving up a legal right and thus suffering a detriment.

 

a.      Thus the promise prompted the nephew to act in a certain way AND the performance induced the uncle to make the promise

 

 

 

RESTATEMENT 81- the degree of how much the promisor is benefited does not matter.  Consideration must simply be a motive.

                                                                        ii.      1.  The fact that what is bargained for does not of itself induce the making of a promise does not prevent it from being consideration for the promise

                                                                      iii.      2.  The fact a promise does not itself induce a performance or return promise does not prevent the performance or return promise for being consideration – Ex Bogigian

 

E.      Rule:

1.      A promise is unenforceable if not bargained for.

 

2.      Each party must agree upon the benefit and detriments

 

a.       Was there a bargain that would yield a benefit to the promisor?

 

1.      Hypo:  Wife signs release of judgment and husband says this is consideration but court says no because wife did not know and thus did not agree to the fact that this was to be her benefit and detriment.

 

F.      ??? RULE: THE PROMISOR MUST BE AWARE OF THE BENEFIT.  Thus this rule will serve to protect those who don’t know they are making a promise. (Bogigian)

 

G.     THIRD PARTY RULE:  If there is a third party, ask the same elements: (third party okay restatement 71)

 

 

1.      What prompted the promisor to make the promise?

2.      Is the performance being rendered from inducement?

 

1.      Hypo:  A wants B to wash car for which A will pay C:

a.       A will benefit from the clean car

b.      C gets $$ for washing (performing)

c.       B merely a third party

d.      VALID AND CONSIDERATION!

 

H.     PAST PERFORMANCE RULE:  NO consideration for a performance already done in the past.

 

a.       Because then, the promise would not be induced by performance beacsue it has already been done.

1.      Hypo:  Parents had a baby and named him August.  A week later grandpa promised that is they named him August he would give them $5,000. = NO consideration

 

2.      X-lover promises to care for his x-mistress for her past years of co habitation.  The co-habitation has already occurred, thus cannot be inducing the promise

RULE:  If the promisee suffered the detriment before the promise was made, it cannot be said the detriment was exchanged for the promise

 

 

I.        GRATITUTIOUS GIFT RULE:  No consideration is the consideration alleged is obviously a sham or a cover to appear as consideration but cannot be reasonably conceived as inducing the promisor when he made his promise.

 

a.       This type of gift allows only nominal detriment by the promisee

1.      Ex:  $1.00

1.      Hypo:  Mistress pays x-lover one dollar for his promise to care for her for the rest of her life. (no inducement, this detriment by the mistress cannot conceivably be the inducing reason for the x-lovers promise = a gift

 

2.      Hypo:  grandpa promises you 17 million in return for cookies.  HE must sincerely be induced to give the 17 mill for the cookies, thus thus would normally be considered a gift and only nominal consideration.  (The court, however finds ways around this through promissory estopple)

3.      Hypo:  I promise to give you my book.  The promisee feels bad and then promises to give me his coin collection.  = no consideration because each promise is not induced by the performance of the other. The promises are made independently and = gifts

 

J.       INVALID CLAIM RULE AND Restatement 74 and Fiege v. Boheme

Restatement 74

1.      Forbearance to assert or the surrender of a claim or defense which proves to be invalid is not consideration UNLESS

a.       The claim or defense is doubtful because of the uncertainty of the facts or the uncertainty of the law

b.      The forbearing or surrendering party believes the claim or defense may fairly be determined to be valid.

 

2.      The execution of a written instrument surrendering a claim or defense by one who is under no duty to execute it is consideration, if the execution of the written instrument is bargained for, even though he is not asserting the claim or defense and believes that no valid claim exists.

 

3.      EXPLANATION:  Fiege v. Boehm

Girl was pregnant and boy made promise to pay child support as long as she would forgo her claim to file criminal charges against him for bastardy proceedings (child support).   The father allegedgly acknowledged he was the father, but claims now they never had sex.  Aside from the claim (that he is father) he did promise to pay for expenses and stipulates to this fact, in return for her not instigating bastardy proceedings.

 

Even though the claim turned out to be invlaid (the child was proven not to be his child)

 

He is obligated to pay because

1.      He promised to do so, and

2.      She genuinely believed he was the father and thus forwent he right to instigate child support proceedings

Had she not really known the claim to be invalid, there would have been no consideration.

 

RULE:  When a claim (that one claims is consideration because they forwent their right to assert the claim) is invalid we must put it through a two- question test:

 

1.      The claim is now doubtful or proved to be invalid

(and thus its power of being consideration is called into question and the enforceability of the contract at stake)

 

2.       When made part of the contract, (as the promisee’s detriment) the claim must have in good faith been though to be a valid claim.

 

K.    PRE-EXISTING DUTY RULE:  A detriment by the promisee is necessary, thus is the promisee is already obliged or required to do something, there is no detriment and thus no consideration

1.      Hypo:  Al and Buster make binding promise to give Buster skis if Buster pays Al $100.  Al realizes, however, he ,made a mistake and undercharged for the skis and asks Buster for an extra $50.  Buster feels is he does not agree, he will be taking advantage of Al and agrees.  = NO consideration for the $50 because Al already has a duty to deliver the skis for $100.

 

Restatement 73:  Performance of a legal duty owed to a promisor which is neither doubtful nor the subject of honest dispute is NOT consideration; BUT a similar performance is consideration if it differs from what was required by the duty in a way which reflects more than a pretense of a bargain.

2.      Hypo:  If a creditor promises to accept only a portion of what is owed to him in return for the debtor not filing bankruptency (and thus being protected and the creditor will receive nothing) this will be sufficient consideration as long as it is expressly stated.

3.      Hypo:  If the contract presents questions which are unresolved, then changing a part of a contract  (such as adjusting rent) in return for clarifying the part of the contract no clear = good consideration.

 

L.      PRE EXISTING DUTY TO A THIRD PARTY: 

1.      A has a duty to B through a contract with good consideration, and A promises the same duty to C for another benefit (another performance by C.) Thus B and C are both performing some detriment or benefit to A in return for the same duty imposed upon A.  No consideration between A and C because A already owed this duty to B.

 

MODIFICATION TO CONTRACT RULE: The courts insist (the UCC has an exception where modification can be made as long as it passes the good faith test) that some new detriment be found for modifications in contracts to be valid.

RULE:  This is to prevent coerced modification

2.      Hypo:  Fishermen taken out to sea having agreed to contract for $5 per day, but once out to sea during the short season, the fishermen refuse to work unless their pay is increased.  Foreman agrees to increase pay. = no consideration because the men had a pre existing legal duty to perform their work under the contract.

3.      Third party Hypo:  Third party offers to pay the fishermen ten percent over what their contract calls for.  This is consideration because the third party’s benefit is the promisee’s forbearance not to breach the contract between him and his employer.  The third party is thus buying the agreement not to breach the contract with employer.

RULE:  A promisor and promisee can promise to rescind the contract in return for the promise not to perform.

 

RULE:  When a transfer occurs consideration is not required and will be considered a gift because the transfer has intent and delivery.

4.      Hypo:  If the foreman had paid the new salary and then challenged its validity he would have not been able to get the money back because a transfer has already taken place.  The foreman must refuse to pay.

 

 

M.   EXCEPTION TO PRE- EXISTING DUTY RULE: 

UCC RULE sale of goods

Restatement 89 Exception: Services

An agreement to modify a contract needs no consideration to be binding, the modification must only meet the GOOD FAITH RULE:

 

1.  Must have a legit commercial reason

 

2.  The other party must voluntarily agree

A promise modifying a duty under a contract not fully performed on either side is binding

 

1.   If the modification is fair and equitable in view of circumstances not anticipated by the parties when the contract was made, or

 

2.  To the extent provided by statute, or

 

3.  To the extent that justice requires enforcement in view of material change of position in reliance on the promise.

 

1.      Restatement 89 element #1 RULE: 

a.       The promise must be made before the contract is fully performed, and

b.      The circumstances prompting the change must have been unanticipated, and

c.       The modification must be fair and equitable

 

1.      Hypo:  A is hit by higher prices that increase his raw material prices and he wished to raise his price he charges B for the product.  = Modification not enforceable because increase in raw material prices foreseeable, plus the fact that B entered into a contract that fixed prices probably for the very purpose to protect him from price increases. BUT there is a difference between an expected increase and a drastic and unexpected increase.

 

 

N.    MUTUALITY OF OBLIGATION- problem occurs where the promisor claims there was no consideration because the promisee was not bound to perform.

Both parties must be bound or neither is bound

Unilateral Contract v. Multilateral Contract:

Unilateral- A reward obligation where the promisor will pay IF something happens

(Multilateral- promise for a promise)

 

                        (Restatement confusing)

Restatement 77:  Illusory and Alternative Promises

A promise or apparent promise is not consideration if by its terms the pomisor or proported promisor reserves a choice or alternative promises UNLESS:

1.      Each of the alternative performances would have been consideration if it alone had been bargained for

2.      One of the alternative performances would have been consideration and there is or appears to the oarties to be the substantial possibility that before the promisor exercises his choice events may eliminate the alternatives which would not have been consideration

Restatement explained:

O.     Illusory Promise can occur in two situations

1.      One of the parties cannot have unlimited discretion so that, really, nothing is promised.

The argument is that is one party does not have to perform and is not bound, the other party is not bound by consideration.

Hypo:  Buster promises to buy skis for $100, and Al promises to sell to Buster, unless Al changes his mind = illusory promise

2.      If the promise is based upon a condition that cannot occur

 

Illusory promise and IMPLIED Best Effort rule:  When a promise is illusory, contains a loophole allowing a party out with no performance or detriment, their promise to perform carries the implied promise to use their best efforts, and thus through this implied promise there exists consideration

1.      Hypo:  Al and buster agree that Buster will buy Al’s skis next week for $100 if Buster can secure a loan by then.  This promise is illusory on its face because Buster is really under no obligation to act to secure the loan.  This is where the IMPLIED promise of Buster to use his best efforts to get the loan in time. 

a.       If he uses his best efforts but still does not get a loan, there is no contract and no breach. 

b.      If he does not use best efforts, there is a breach in the implied promise to do so and Buster would be liable for the breach 

Hypo:  Lucy, a fashion designer, hired a Wood who was to exclusively work for Lucy and find for her endorsements for which he would receive half the profits.  Lucy breached when she herself contracted with Sears to endorse.  Wood said under contract he was the only one who could find the clients, and thus he was entitled to half the profits.  Lucy said she was not in breach because there was no contract due to the fact Wood was under no obligation to perform.  (the contract was illusory)  The court disagreed and said the exclusive agency by which Wood was employed IMPLIED and obliged him to use his best efforts to perform, thus there was consideration, thus there was a contract, and thus Lucy was in breach.

P.      EXCLUSIVE AGENCY IMPLIED BEST EFFORT RULE:  When one is employed under another under exclusive agency, the best effort promise is implied and thus there is consideration.

 

Q.    (UCC) OUTPUT CONTRACTS:  Sale of goods

a.       Output and Requirements contracts:  the parties have left the quantity of goods open ended on the understanding that the quantity to be supplied under the contract will be determined either by the buyers requirements or by the sellers output.

b.      Output contract- seller wishes to dispose of its full production in one transaction and the buyer is confident that it can use all the seller can supply.

c.       Requirement Contract- seller is confident it can satisfy the buyers needs and buyer is unsure of its exact needs and wished to avoid the risk of ordering a specified quantity which may turn out to be short or excessive.

d.      Thus either contract could be considered illusive because the buyer could require zero or the seller could produce zero.

 

RULE: Even when not expressly stated the EXCLUSIVE DEALING OBLIGATION implies the sellers or buyers to use best efforts and good faith with a reasonable expectation test:

When a contract measures seller’s output or a buyer’s requirements:

3.      These outputs or requirements are those that would occur in good faith

4.      The quantity tendered or demanded may not be disproportionate to any estimate stated in the contract, or if no estimate was stated,

5.      The quantity tendered must be comparable to any normal or otherwise comparable output or requirement

Thus the party setting the output or requirement is held to a subjective honest standard AND an objective standard as what would be considered in the commercial context.

 

1.      Hypo:  Buyer and seller have req. contract for sand.  Sand prices unexpectedly hit bottom and thus sand dealer demands 100 more tons than normal.  Thus would not be made in good faith, or be close to normal estimate required and thus not valid or in good faith because it takes advantage of the price decrease.  The seller would thus be entitled to charge a higher price.

RULE:  The outputs and requirements are limited by a reasonable ceiling but are not limited by a reasonable floor, AS LONG AS THE DEMAND FOR ZERO OR THE OUTPUT MADE AT ZERO QUANTITY IS MADE IN GOOD FAITH.

2.      Hypo:  Buyer demands zero gallons when he normally demands 1 million gallions.  UCC does not provide a floor, only a ceiling and ok as long as made in good faith.

3.      Hypo:  Baker stops making bread crumbs (stops outputting) because the company is experiencing profit loss. Thus their output goes to zero. Not ok and breach of their implied promise to use best efforts under UCCà

RULE:  Factors such as profit loss not enough to constitute an output of zero and shut down before end of contract.  This is not enough.

 

R.     PERSONAL SATASFACTION CLAUSE RULE:  A personal satisfaction clause does not render a promise illusory because the promisee is under a good faith obligation to carry out the condition. 

 

S.      Restatement 228- Satasfaction of the obligor as a condition

1.      When it is a condition of an obligor’s duty that he be satisfied with respect to the obligee’s performance or with respect to something else, and it is practical to determine whether a reasonable person in the position of the obligor would be satisfied.

 

2.      Again, here the implied promise to carry out the condition is the consideration needed.

 

 

Hypo:  A buyer who had signed a contract to buy a piece of property did not have to ultimately purchase the property if he found the report to be unsatisfactory.  The sellers said this made the contract illusory and thus rescinded the offer on the basis the contract had no consideration.  However, the court ruled the personal satisfaction clause is subject to the promisor’s good faith.  The promisor is entitled to rescind the offer to buy, however, it must be based upon his good faith dissatisfaction with the report given.  THUS the standard used is an objective standard of a reasonable person to be satisfied or dissatisfied with the report

 

Rule:  When adhering to a condition based upon the promisors satisfaction, there is an inescapable duty to exercise the discretion honestly and in good faith

 

OBJECTIVE REASONABLE STANDARD:  When determining if the promisor has exercised his good faith the standard of satisfaction will be that of a reasonable person.  Thus if the reasonable buyer would be satisfied with the land = the buyer must take the land. UNLESS: The subject is subjective such as a painting, then you go merely on good faith.

 

 

 

 

III.               Restitution- PROMISE NOT MADE

 

 

**** What is the difference between this casue of action where there is no promise and §86**** 

Is there a difference?

Does a contract implied in law also require that the person whom the benefit was given make a promise for the cause of action to even exist?

If the person receiving the benefit does not ever promise to repay the benefactor will there still be a cause of action where there is unjust enrichment?***

 

A.     Restitution- Designed to prevent unjust enrichment

 

B.     This is not restitution the remedy, it is the cause of action to restore something suffering from unjust enrichment of another by the actors benefit conferred.

1.      Quasi Contract (contract implied on law)- an obligation imposed by law for the purpose of bringing about justice and equity

2.      A promise is never made nor is it implied in fact

3.      This is a non- contractual obligation treated as if it were a contract.

 

C.     RULE:  One who, without intent to act gratitutiously, conferes a benefit upon another is entitled to restitution if:

1.      He affords the other to decline the opportunity or has reasonable excuse for failing to do so. (life or death situation)

2.      The actor performs for the other a duty imposed upon him by law if the other refuses to receive the benefit

 

 

D.     Contract implied in law (quasi) v. Contract implied in fact

1.      RULE: Contract implied in law-

a.      Defendant received a benefit

b.      There is appreciation or knowledge by defendant of the benefit

c.       The circumstances would make it unjust for the defendant to retain the benefit without paying for it

d.      Recovery = defendants gain or the value of the PL’s services

1.      Hypo:  Man cares for another’s child were the other had a legal duty to care for the child, and thus owes thje actor for this benefit although there was never a promise made and the benefit has already been conferred

 

2.      Contract implied in fact (not what we are talking about here)

a.       The defendant REQUESTED PL to perform the work

b.      PL expected the PL to compensate him

c.       Defendant knew or should have known the PL expected compensation

d.      Recovery = amount parties intended in contract price

1.      Hypo:  Bring clothes into dry cleaners and put clothes on counter and leave.  It is implied by the facts you will pay for the clothes to be cleaned

 

E.      Restatement 86 Past benefit conferred:

1.      A promise made in recognition of a benefit previously received by the promisor from the promisee is binding to the extent necessary to prevent injustice

 

2.      A promise is NOT binding if:

a.       The promisor conferred the benefit as a gift or the promisor has not been unjustly enriched

b.      The value subsequently promised is disproportionate to the benefit received

 

MAKE COPY BLUM CHART PAGE 212 and 231

 

F.      Two requirements for this type of action

1.      Defendant has been enriched in some way

2.      The enrichment is unjust for the defendant to keep

 

 

G.    Quasi Contract has four elements

1.      Benefit is conferred

2.      The benefit must be of value to the defendant

3.      The benefit must be retained by the defendant

4.      There is inequitability of defendant retaining it for free

 

1.      Hypo:  $500 bill is blown into the car window and owner of the $ makes a claim for his money back.  Thus would the person who found the money blown into her car be able to keep the money?  NO

a.       Although there is no contract to return the money, it would be unjust under the circumstances to return the money  

b.      Look at the elements:

                                                                                                                                                                                                               i.      $50 is a benefit to me

                                                                                                                                                                                                             ii.      $50 has value to me

                                                                                                                                                                                                            iii.      I intend to keep it

                                                                                                                                                                                                           iv.      It would be inequitable to keep the money

 

H.     RULE: When benefits are conferred knowingly, there is no unjust benefit.  There is a presumption that where the receiver of the benefit knows of the benefit then it is a gift and there can be no compensation. 

1.      Hypo:  Someone gives you $500 and then realizes it was an overgenerous gift

 

I.        Rule: This presumption can be overcome in three ways:

1.      The status of the benefactor may overcome the presumption that a benefit is conferred as a gift.

a.       Ex:  When a doctor renders medical care we don’t regard those as gifts, we regard them as services for a fee

b.      One in a professional capacity rendering his professional service. 

2.      The extent of the benefit can overcome the presumption the benefit is a gift

a.       Arduous, dangerous, or expensive

b.      We say the benefactor has gone so far we would imply to compensate him for going to such an extent by accepting

3.      Put yourself in the shoes of the benefactor, if asked by the benefactor before rendering the benefit would the promisee have accepted the benefit in return for compensation?

a.       Ex:  one comes in an emergency and saves your house because power lines threatened to fall on it and burn it.  He then asks for 1,000. (His cost to save your house) The event was likely.

                                                                                                                                       i.   &n