k formation, consideration, etc. Flashcards
1
Q
modification must be made
A
in good faith
2
Q
unconscionability
A
no reasonable person can agree
3
Q
two parts:
A
procedural (hidden) and substantive unconscionability (rip off term)
4
Q
SOF world
A
goods 500 or more
5
Q
how to satisfy SOF
A
performance or writing– need quanity
6
Q
if you make a mistake in the quantity?
A
only enforceable for the amount mentioned
7
Q
performance
A
oral, but you can only accept the amount given to you
8
Q
custom made goods
A
exempt from SOF
9
Q
JUDICIAL ADMISSION
A
SATISFIES SOF
10
Q
confirming memo merchant
A
failure to object within 10 days will satisfy SOF, but only if both parties are merchants
11
Q
if modiciations would go in SOF world
A
you have to satisyf it
