1 들어가기 10
2 Contract Formation 11
2.1 Is It An Offer? 14
2.1.1 Intent 16
2.1.2 Advertisement 17
2.2 Is the Offer Still Offer? 20
2.2.1 Revocation/Termination of Offer 20
2.2.2 Acceptance 30
2.2.3 Rejection 33
2.2.4 Mirror-Image Rule 36
2.3 Has the Offer Been Accepted? 38
2.3.1 Unilateral Contract 40
2.3.2 Mail Box Rule 44
3 Defense 50
3.1 Lack of Consideration 51
3.2 Illusory Contract 53
3.3 Past Consideration 53
3.4 Preexisting Duty Rule 55
3.5 Lack of Capacity 58
3.6 Misrepresentation 61
3.7 Impossibility/Impracticability 63
3.8 Frustrated Purpose 66
3.9 Constructive Condition Precedent That Was Substantially Performed 67
3.10 Duress 68
3.11 Undue Influence 68
3.12 Unconscionability 69
3.13 New Statute Creation (=Embargo) 70
3.14 Restraints against Trade & Penalty 71
4 Special Issues in Contract 73
4.1 Quasi Contract (Implied-In-Law Contract) 73
4.2 Promissory Estoppel 75
4.3 Debts Case 76
4.4 Mistake 80
4.5 Installment Contract 83
4.6 Auction with Reserve/without Reserve 85
5 Statute of Fraud 87
5.1 Statute of Fraud 사항 88
5.1.1 Promise Given in Consideration of Marriage 88
5.1.2 Service Contract over 1 year 88
5.1.3 Transfer Interest of Real Property 89
5.1.4 Suretyship 90
5.1.5 $500이상 UCC2계약 91
5.1.6 동일 문서에 쓰지 않은 계약서 91
5.2 Statute of Fraud 예외 92
5.2.1 Confirmation Letter 92
5.2.2 Suretyship Exception 94
5.2.3 Real Property Contract Exception 95
5.2.4 Service Contract Exception 96
5.2.5 Special Goods/UCC Modification 97
6 Parol Evidence Rule (=PER) 98
6.1 PER Exceptions 99
7 Warranties 103
7.1 Express Warranty 103
7.2 Implied Warranty of Merchantability 104
7.3 Implied Warranty of Fitness 104
7.4 Defense 105
8 Shipment Contract 107
8.1 Common Carrier Case 107
8.2 Non-common Carrier 109
9 Performance/Later Agreement 110
9.1 Perfect Tender Rule 111
9.2 UCC2 Cure Policy 112
9.3 Later Agreement 114
9.3.1 Rescission 115
9.3.2 Modification/Accord and Satisfaction 115
9.3.3 Reformation 119
9.3.4 Assignment 120
9.3.5 Novation 127
9.4 Third-Party Beneficiary Contracts 129
9.4.1 Intended Beneficiary 129
9.4.2 Incidental Beneficiary 132
10 Anticipatory Repudiation 133
10.1 Failure to Give an Adequate Assurance 134
10.2 Special Issue 1: Promissory Note in 60 days 136
10.3 Special Issue 2: Insolvent 상황에서 Modification 137
11 Damage 138
11.1 Types of Damage 138
11.2 Liquidated Damage 140
11.3 Remedy (Monetary/Equitable Remedy) 141
11.4 Special Issue 1: Restitutionary Damage 143
11.5 계산 원리 144
11.5.1 원칙 144
11.5.2 Expected Profit =|Contract Price - Market Price| 145
11.5.3 Expected Profit = |Contract Price - Mitigated Price| 146
11.6 Special Issue1: Accommodation이 없는 경우 147
11.7 Special Issue2: Accommodation이 있는 경우(또는 Accommodation으로 간주되는 경우) 148
11.8 Special Issue 3: Complaint Lapse Within Reasonable Time 149
12 Notes 150