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Contract Law: Chp. 6 & 7
Terms in this set (12)
statute of frauds must be in writing. T/F?
what is a "writing"?
a signature found anywhere on the agreement or initials
what types have to be in writing?
when do the MY LEGS rule not have to be in writing? (6)
- full performance by the seller
- partial performance by buyer
- judicial admissions by either party
- promissory estoppel
- customized goods
- personal benefit of sureties or guarantors
parole evidence rule is also known as the ______
4 corners rule
parole evidence rule treats discussions outside of the contract (in 4 corners) as just discussions, but when is it okay to be outside of the 4 corners?
when discussion is used only to explain something
rules of construction states how the ____ _____ is going to be ______
written agreement, interpreted
difference between assignment and delegation
in assignment the assignee takes over for the assignor (all power and liability transferred) in delegation the delegator is still responsible
when is delegation not allowed?
- personal services contracts
- when the K prohibits it
- it it's against public policy
a clause that states the written agreement is final and all prior oral or written statements are null and void (under parole evidence)
a third party in a contract who was intended to benefit from the contract between two other parties
a third party in a contract who was not intended to benefit from a contract between two parties but does. they are not allowed to enforce the agreement if it falls through
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OTHER SETS BY THIS CREATOR
K Law Final (breach of contract)
K Law Final (performance)
K Law Final (third parties)
K Law Final (statute of frauds)
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