QST LA 450 Study Guide - Comprehensive Final Exam Guide - Uniform Commercial Code, The Seller, Strict Liability
Document Summary
Contract"s structure: title, capital letters is standard, traditional contracts use archaic words. Introductory paragraph: definitions, names of the parties are defined, covenants, what are the parties agreeing to do, heart of the contract, failure to perform covenant (promise) can lead to a breach. Boilerplate: these standard provisions are typically placed in a section entitled. Miscellaneous : creates a private law that governs disputes between the parties. Reciprocal promises: promises that are each enforceable independently. Conditional promises: promises that a party agrees to perform only if the other side has first done what it promised. Breaching a contract: someone breaches a contract when he fails to perform a duty without a valid excuse, a remedy is the method a court uses to compensate an injured party. [expectation interest], pain and suffering was dismissed because that is already part of the surgery contract: could have gone after malpractice in this day.
