SCaven 3

9

Ch 6 Overview and Formation of Contracts  Definition of a Contract  Categories of Contracts (Written v Oral; Bilateral v

Unilateral; Express v Implied v Quasi-Contracts; Other Categories)

 Sources of Contract Law  Contract Transactions  Contract Formation

 Offer (including Advertisements as an Invitation for an Offer)

 Acceptance (including Termination of Offer (incl by Operation of Law); When Acceptance is Effective (incl Mailbox Rule); Silence as Acceptance)

 Insufficient Agreement (incl Indefinite Terms; Mistake)

 Consideration (incl Legal Detriment; Amount and Type; Preexisting Duty Rule; Bargained-For Exchange; Past Consideration; Promissory Estoppel)

 Capacity (incl Minors and Mental Incompetents)  Legality

Comments  Your Reading Assignment is Black.  Material in Red is Optional.  As a general rule, the Cases in your text are optional.

However, there are two exceptions: IF (a) I cover a Case in any class discussion or material, or (b) I cover the concepts presented in a Case in any class discussion or material, THEN that material is a part of the course and is fair game for any quizzes, tests, exams, etc.

Ch 6 Overview and Formation of Contracts