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contracts - Clayton State University
contracts - Clayton State University

... offers to build Mr. Jones a new garage for $30,000. Mr. Smith says that they can begin work on June 15. Mr. Jones says he needs time to think about it, and will call back. Mr. Jones never calls back, but on June 15, Smith Builders arrive to begin construction. Did they have a valid contract? Why or ...
Contracts Outline - NYU School of Law
Contracts Outline - NYU School of Law

... Δ tried to get out of performing its K with Π b/c Π was too picky; sued for non-performance Ct. finds if there was a mistaken understanding it was only UNILATERAL mistake: burden is on party that claims the mistake to have made sure of what they were contracting for! "The law is clear: absent fraud, ...
Chapter 10 - lexcal.com
Chapter 10 - lexcal.com

... The lack of definiteness is fatal because the court cannot supply these terms RH’s alleged promise is therefore unenforceable as a matter of law ...
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United States contract law

United States contract law regulates the obligations established by agreement (express or implied) between private parties in US law. The law varies from state to state; there is no nationwide Federal contract law, although transactions involving the sale of goods have become highly standardized nationwide through widespread adoption of the Uniform Commercial Code. There remains significant diversity in the interpretation of other kinds of contracts, depending upon the extent to which a given state has codified its common law of contracts or adopted portions of the Restatement (Second) of Contracts.Parties are permitted to agree to arbitrate disputes arising from their contracts. Under the Federal Arbitration Act (which has been interpreted to cover all contracts arising under federal or state law), arbitration clauses are generally enforceable unless the party resisting arbitration can show unconscionability or fraud or something else which undermines the entire contract.
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