Interpretation Courts' aim to decide what the parties agreed upon. Words/actions Ambiguity Contract will not be enforced because
Contracts – Some Need to Be in Writing Pt. 2
Exception Sometimes a contract that normally needs to be in writing does not have to be if certain conditions are met. Part Performance
Contracts – Some Need to Be in Writing
Written Contracts When a contract needs to be in writing, it needs to (Common, not UCC): Identify parties involved. State main
Contracts – Duress
Duress Wrongful or improper threat. "Contract" signed under duress is not a contract. ex. Threatened at gunpoint. ex. Will prosecute you
Misrepresentation
Fraudulent Misrepresentation An intentional misrepresentation of facts can make a contract VOIDABLE. Lies = Voidable Ex. Mark knew the
Forming a Contract
Contract needs to be definite in order for courts to enforce the contract. In order to be definite, the contract needs to have certain essential