Contract Formation

Question 1

“Within applicable governing law a valid & enforceable K requires…

Answer 1

mutual assent & consideration and the absence of formation defenses.”

Question 2

w/i AGL, V+E K=

Answer 2

MA + C -D

Question 3

CONTRACT FORMATION UCC

Answer 3

1) A contract for the sale of goods may be made
a. in any manner sufficient to show agreement,
b. including conduct by both parties which
recognizes the existence of a contract
2) An agreement sufficient to constitute a contract for sale may be found even though the moment of its making is undetermined.
3) Even though one or more terms are left open a contract for sale does not fail for indefiniteness if the parties
a. have intended to make a contract AND
b. there is a reasonably certain basis for giving an
appropriate remedy.
(OBJ INTENT + Basis for Remedy)

Question 4

K Form UCC

Answer 4

• Any M, Include C
• Agrmnt suff, even though MOM Und
• Oi + BfR