Contracts 1L Mod 7-8 Things to know
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
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| Discuss Mutuality of Obligation. | show 🗑
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| How does one avoid the court from invoking MUTUALITY OF OBLIGATION? | show 🗑
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| show | There is no mutuality of obligation in a unilateral contract.
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| Why is there NO mutuality in a UNIlateral contract? | show 🗑
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| show | The doctrine states unless specific language or context indicates otherwise, mutual promises in a bilateral contract are constructively conditional upon each other. NOTE: Promises that are exchanged are not independent.
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| Discuss VOIDABLE and UNENFORCEABLE PROMISES | show 🗑
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| What is the policy behind Statute of Frauds. | show 🗑
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| Define ILLUSSORY PROMISE. | show 🗑
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| Discuss Ubliquidated Debt. | show 🗑
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| show | Is conditional on the happening of a fortuitous event, or an event supposed by the parties to be fortuitous. p.184
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| show | NO, not if there has been performance under the void bilateral agreement, as life may be breathed in to it. (Doctrine of forging a good unilateral contract out of a bad bilateral contract) p.185
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