Week3

1. Explain why the first question a person should ask when getting ready to analyze a contract problem is, “Is this alleged contract a contract for the sale of a

good?”

A person may ask that question because the contract that going forth you may wont to be able to change the contact or even sell the contact when you hire outside contractors.

What is the difference between an offer for a unilateral contract and an offer for a bilateral contract? Why might that difference be important to understand?

An agreement formed by a trade of a guarantee in which the guarantee of one gathering is thought supporting the guarantee of the other gathering.An agreement in which one and only gathering makes an express guarantee, or embraces an execution without first securing an equal agreement from the other gathering. It is important to know the difference between the two because most people believe if you give a verbal agreement that it does not stand up in court because it is not on paper.

What must a party prove to recover under the theory of quasi-contract?

Quasi- Contractual recuperation is especially handy when one gathering has halfway performed under an agreement that thusly gets unenforceable.

• The gathering looking to recoup in semi contract must demonstrate that:

(1) A profit was given on the other gathering;

(2) The presenting gathering anticipated that will be paid or overall adjusted for the profit presented;

(3) The giving gathering finished not voluntarily give profits for which he or she might not be paid; and

(4) Retaining the profit without paying for it would treacherously improve the gathering gaining the profi

What is the mirror-image rule?

The principle which holds that the terms of the acceptance must mirror the terms of

the offer; if the terms of the acceptance do not mirror the terms of the offer, no con-

tract is formed and the attempted acceptance is a counteroffer.

What is the mailbox rule?

The...