Contracts/UCC Mnemonics
Monday, July 6th, 2009Contracts Statute of Frauds
MYLEGS: Statute of frauds
Marriage
Contracts that cant be performed in one year
land contracts
payment from executors funds
sale of Goods over $500
Surety agreements
Contracts Parol Evidence
Exceptions to the Parol Evidence Rule (in Contracts)
“DAM FOIL”
(Evidence of)
Duress
Ambiguity
Mistake (Raffles v. Wichelhaus)
Fraud
Oral condition precedent
Illegality (Remember: “Contracts illegality” can mean, “Contrary to Public Policy.”)
Lack of consideration.
http://www.lawtutor.org
Until Fall, Test Pressure, Exhaustion, Both Threaten Romance
U: UCC or CL
F: Formation
T: Terms of K
P: Performance
E: Excuses
B: Breach
T: Third Party Issues
R: Remedies
