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Contract law slides

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BUS 263 class slides from February 27, 2014.

BUS 263 class slides from February 27, 2014.

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  • Hi Ted, I really love your work. I am an Legal English Instructor from Israel. You used to have the presentations with audio. Do you still have that version by chance? It would be deeply appreciated. My students love your work. If you could email it to me, that would be wonderful. kadman10@gmail.com Thanks!
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  • 1. Chapter 9: Formation of Traditional and eContracts cc licensed ( BY NC SA ) flickr photo by LOSINPUN: http://flic.kr/p/aNHv22
  • 2. Contracts • Contract? – A PROMISE or a SET OF PROMISES for which the law gives a remedy or the performance of which the law in some way recognizes as a duty
  • 3. cc licensed ( BY ) flickr photo by D. Sharon Pruitt: http://flickr.com/photos/pinksherbet/
  • 4. cc licensed ( BY ) flickr photo by Mary Bliss: http://flic.kr/p/6pyfRe
  • 5. cc licensed ( BY NC SA ) flickr photo by Rachel James: http://flic.kr/p/4T3aS8
  • 6. cc licensed ( BY NC SA ) flickr photo by anna o.: http://flic.kr/p/6ozuRG
  • 7. cc licensed ( BY NC SA ) flickr photo by Peter Dutton: http://flic.kr/p/e1xGF7
  • 8. cc licensed ( BY NC ) flickr photo by Deep Frozen Shutterbug: http://flic.kr/p/4kBCPS
  • 9. cc licensed ( BY NC SA ) flickr photo by Tr Ratcliff: http://flic.kr/p/uH6e
  • 10. cc licensed ( BY NC ) flickr photo by Kevin McShane: http://flic.kr/p/7cmzjX
  • 11. Contract? • Do Helen and I have a contract?
  • 12. elements of a contract cc licensed ( BY NC SA ) flickr photo by Pierre J.: http://flic.kr/p/5CMRKY
  • 13. agreement • offer • acceptance cc licensed ( BY NC SA ) flickr photo by Álvaro Canivell: http://flic.kr/p/34n54H
  • 14. contractual capacity cc licensed ( BY NC ) flickr photo by Dennis Gotta: http://flic.kr/p/6aXDU3
  • 15. legal subject matter © TomT, http://flic.kr/p/5VDVhf
  • 16. Statute of Frauds cc licensed ( BY NC SA ) flickr photo by daikiki: http://flic.kr/p/6MVs3i
  • 17. Interest in land cc licensed ( BY NC SA ) flickr photo by Whitney Gallien-Hedges: http://flic.kr/p/2bdQLH
  • 18. can't be performed in one year cc licensed ( BY NC ND ) flickr photo by
  • 19. promises to pay someone else's debt cc licensed ( BY NC ND ) flickr photo by Margaret Almon: http://flic.kr/p/35NwvN
  • 20. promises made in consideration of marriage cc licensed ( ) flickr photo by Nantucket Historical...: http://flic.kr/p/66UEHt
  • 21. sale of goods for $500 or more cc licensed ( BY NC ND ) flickr photo by David Muir: http://flic.kr/p/4eQKXu
  • 22. consideration
  • 23. consideration • COntract • COnsideration • What barnyard animal starts with “CO”?
  • 24. cc licensed ( BY NC SD ) flickr photo by GreenViking: http://flic.kr/p/aTxjvB
  • 25. What does a cow say?
  • 26. MOO!
  • 27. Mutuality Of Obligation
  • 28. peppercorn rule cc licensed ( BY NC ND ) flickr photo by artizone: http://flic.kr/p/bmV7jz
  • 29. Do we have a contract? Why or why not?
  • 30. What If?
  • 31. cc licensed ( BY NC SD ) flickr photo by John 0'Shea: http://flic.kr/p/8kCK6A
  • 32. Think-Pair-Share
  • 33. Think-Pair-Share Ed, a local businessman, is friends with Trudy, who owns a candy store. Every day on his lunch hour, Ed goes to Trudy’s candy store and looks at the candy for a few minutes while chatting with Trudy. Ed usually buys one or two pieces of candy before going back to work. One afternoon, Ed goes into Trudy’s store and picks up a $2 candy bar. Seeing that Trudy is busy with another customer, he catches her eye, waves the candy bar, and walks out. Do Ed and Trudy have a contract?
  • 34. Do Ed & Trudy have a contract?
  • 35. Contract Elements? • Agreement – Offer – Acceptance • • • • Consideration Capacity Legality Form
  • 36. What if there is no contract?
  • 37. Contract terminology • Express – Explicitly stated • Implied – Understood but not stated
  • 38. c licensed ( BY NC SD ) flickr photo by kerriantes@sbcglobal.net: http://flic.kr/p/6JSuH4
  • 39. cc licensed ( BY ) flickr photo by dvs: http://flic.kr/p/nNfhz
  • 40. cc licensed ( BY NC ND ) flickr photo by floodkoff: http://flic.kr/p/4Kuowi
  • 41. Quasi-contract • Equitable remedy • Did plaintiff confer benefit on defendant? • With reasonable expectation of being paid? • Will there be unjust enrichment of defendant? • Remedy? • 'quantum meruit' • "as much as she deserves"
  • 42. cc licensed ( BY NC ) flickr photo by Just Us 3: http://flic.kr/p/JtaGt