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7 terms

Contracts: Applicable Law

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Unilateral contract
Results from an offer that expressly requires performance as the only possible method of acceptance.
Bilateral contract
All other offers. Usually offer is silent as to the method of acceptance. It is a bilateral contract unless 1. Reward, prize, contest 2. Offer expressly requires performance for acceptance.
Quasi contract
Equitable remedy. If contract law end up with an inequitable result use quasi contract equitable remedy.
Common law
Majority rule. applies to all contracts, even sales of goods, unless art. 2 displaces.
UCC Art. 2
Only applies to sale of goods. Does not apply to real estate, service k,
Mixed service/goods k ucc or c/l?
All or nothing more important part, unless k divides payment.
Article 2a
Applies to leases of goods.