Defenses to Enforceability Flashcards
(13 cards)
Age
A contract is voidable at the option of the minor
-at the age of majority
Mental Illness
Contract is void
Duress
Look for a wrongful threat
Undue Influence
Uneven Bargaining situation
Unconscionability
The result of the contract will be unfair
Illegal
Unenforceable
Unilateral Mistake
Only one person is mistaken
-Generally not a defense unless the other person knew about the mistake
Mutual Mistake
No meeting of the minds
BAR TIP
Usually in fact patterns involving animals or cards
the remedy is recession
Intentional Misrepresentation
Intentionally said something with scienter
with the intent to induce reliance on the other person
Negligent Misrepresentation
Causes innocent party to detrimentally rely
Non-Compete Clause
Could be enforceable but they have to be reasonable under the circumstances
Statute of Frauds
Certain K are so important that they have to be in writing
MYLEGS
Marriage
One-year (cannot be performed within a year)
Land-Lease exception part performance
Executor K - becoming administrator of an estate
Guarantor- promising to pay the debt of another but not for your personal benefit
Sale of good of $500 or more
Merchant Confirmation
Takes it out of the SOF world
Includes quantity and signed by merchant and no objection within 10 days