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Second Midterm
Terms, Baruch, LAW 1101
83
Law
Undergraduate 1
11/19/2014

Additional Law Flashcards

 


 

Cards

Term

CISG

Definition

Contracts for the International Sale of Goods

Term
Quantum meruit
Definition
"what one has earned"
Term
Objective satisfaction
Definition
When the purpose of the performance is to serve some function (e.g., roofing a warehouse to keep out the elements), the court will ask whether a reasonable person would be satisfied or dissatisfied with the performance.
Term
Satisfaction of a Third Party
Definition
Some contracts require that the performance satisfy some non-party (e.g., an art critic, an architect, an independent lab). Courts tend toward the objective satisfaction standard in these cases, but some have applied the subjective satisfaction test when the third party’s expertise goes to the same factors that would lead a court to apply the subjective test if a party’s satisfaction was at stake.
Term
Condition precedent
Definition
A condition that must be satisfied before a party’s contractual obligation to perform becomes absolute (e.g., Bob promises to hire Terry as a driver as soon as Terry gets his driver’s license).
Term
Condition subsequent
Definition
A condition the occurrence or nonoccurrence of which will terminate a party’s absolute obligation to perform (e.g., Mary agrees to let Sue stay in Mary’s spare room for as long as Sue remains unmarried)
Term
CISG enforceable
Definition
. Cntrs have to h ratified the ____. Cnty hs rsn to knw other prty is in anthr cntry. Prts not otherwise agreed to any other law govrning their cntrct. Not consumer/personal goods. Not primaril f servcs unls necessarily a pt of spc mnf one or more goods.
Term
Quasi contract
Definition
fictional, imposed by a court to prevent and recover the value of unjust enrichment.
Term
ADA
Definition
Federal law prohibiting private employers from discrimination in hiring, promotion, and discharge against persons with disabilities.
Term
Incidental damages
Definition
Expenses or costs that are caused by the breach of contract, such as the costs incurred in obtaining performance from another source
Term
Main purpose rule
Definition
If the party who agrees to guarantee the debt of another does so to secure a personal benefit for themselves, the statute of frauds does not require a writing.
Term
Revocation
Definition
If a buyer accepts and then discovers the defect, the buyer may revoke her acceptance, and pass the risk of loss back to the seller.
Term
Assignment
Definition
Assignment (of Rights): A transaction whereby an obligee (the assignor) transfers her rights to some third party (the assignee). As a consequence, the assignor’s contract rights are extinguished, and the assignee may demand any performance due to the assignor.¬
An “assignment of all rights” implies both an assignment and a delegation.
Term
Delegation
Definition
(of Duties): A transaction whereby an obligor (the delegator) frees himself from his duties by having some third party (the delegatee) perform those duties. Despite his delegation, the delegator remains liable for his contract duties if the delegatee fails to perform.
Term
Bailee
Definition
A party who, by a bill of lading, warehouse receipt, or other document of title, acknowledges possession of goods or contracts to deliver them.
Term
Unliquidated debt
Definition
A debt whose amount may be disagreed on by reasonable persons.
Term
Coronation case
Definition
intent
Term
Panama Canal case
Definition
reasonable
Term
Liquidated debt
Definition
A debt whose amount has been ascertained, fixed, agreed on, settled, or exactly determined.
Term
Tangible employment action
Definition
and/or retaliation by an employer or supervisor is certainly evidence of improper conduct in this and similar areas.
Term
Lilly Ledbetter Fair Pay Act
Definition
Each time an employer pays an employee a discriminatory wage, the employee has a new cause of action against the employer. In other words, an employee does not waive her right to sue by keeping her job while trying to remedy the discrimination.
Term
Quid pro quo/hostile environment
Definition
Granting employment, job promotions, or other benefits in return for sexual favors, or refusing (or threatening refusal) to hire, promote, or extend other employment benefits if sexual favors are refused. Language or conduct that is so sexually offensive
Term
Mitigation of damages
Definition
In most situations, the non-breaching party has a duty to take whatever action is reasonable to minimize the damages caused by the breach.
Term
Consequential damages
Definition
Damages resulting indirectly from the breach, which were reasonably foreseeable to the breaching party at the time the breach occurred.
Term
Rejection
Definition
The offeree may reject the offer, in which case the offer terminates when the offeror receives notice of the rejection.
Term
SWAMP
Definition
 Merchant’s Written Confirmation: If a contract for the sale of goods is between two merchants, a written confirmation signed and sent by one merchant and sufficient to enforce the contract against the sending merchant is also sufficient to enforce the contract against the receiving merchant unless she objects in writing within 10 days of receiving the confirmation.

 Specially Manufactured Goods: An oral contract is enforceable if it is for (1) goods that are specially manufactured or obtained for the buyer/lessee, (2) not suitable for sale or lease to others in the seller’s/lessor’s ordinary course of business, and (3) the seller/lessor has substantially started to manufacture or otherwise obtain the goods.

 Judicial Admission: An oral contract is enforceable if the party against whom enforcement is sought admits its existence in pleadings, testimony, or other court proceedings, but only to the extent of the quantity of goods so admitted.

 Partial Performance: An oral contract is enforceable if (1) the buyer has made and the seller has accepted payment for the goods, or (2) the buyer/lessee has received and accepted the goods – but, only to the extent of the quantity paid for or accepted, respectively.
Term
Scienter
Definition
Term
Exculpatory clause
Definition
A provision precluding damages for certain types of breaches.
Term
Bilateral contract
Definition
A bilateral contract arises when the offeror gives her promise in exchange for the offeree’s return promise (e.g., X promises to deliver a car to Y, and Y promises to pay X an agreed price
Term
UETA
Definition
Uniform Electronic Transactions Act
Term
Uniform Electronic Transactions Act (UETA)
Definition
Model state law – enacted by 47 states and D.C. – recognizing the validity of electronic contracts, records, signatures, and notarization.

 UETA only applies if all parties to a transaction have explicitly or impliedly agreed to conduct the transaction using electronic means.

 UETA provides statutory rules governing attribution, the effects of procedural and substantive errors in an electronic record, and the effective time for sending and receiving electronic records relating to a transaction.

 UETA recognizes encrypted digital signatures, names (intended as signatures) at the end of e-mail messages, and clicks on a Web page intended to identify the person making the click.

 Electronic Signatures in Global and National Commerce Act (E-SIGN): Federal legislation recognizing the validity of electronic contracts, records, and signatures.

 By its terms, E-SIGN yields to UETA if the state whose law governs a contract has enacted UETA.
Term
Release
Definition
An agreement whereby one party forfeits its rights to pursue a legal claim against another party.
Term
Anticipatory Breach or repudiation
Definition
A statement or action by a party to a contract indicating that she will not or cannot perform a contractual obligation due to be performed in the future.
Term
Firm offer
Definition
A written, signed offer that is irrevocable, without the payment of consideration required to keep an option open, for

(1) a stated period of time, or

(2) if no period is stated, a reasonable period of time, but

(3) in any event, no more than three (3) months.
Term
Offeror is Boss
Definition
Term
UCC vs. GOL firm offer
Definition
Term
Course of dealing
Definition
Prior conduct between the parties to the contract that establishes a common basis for their understanding.
Term
Course of performance
Definition
The conduct of the parties to the agreement under this agreement
Term
Lease
Definition
an agreement whereby
(1) one person (the lessor)
(2) transfers to another person (the lessee)
(3) the rights to temporarily possess and use goods
(4) in exchange for rental payments or other value.
Term
Sale
Definition
Term
5% rule we agreed to in class
Definition
Term
Fungible goods
Definition
Goods that are alike by physical nature, by agreement, or by trade usage (e.g., grains of wheat, barrels of like-grade oil). Identification of these goods occurs when the goods are shipped, marked, or otherwise designated by the seller or lessor for delivery to the buyer or lessee.
Term
Usage of trade
Definition
Any term, practice, or method of dealing having such regularity of observance in a place, vocation, or trade that it is reasonably expected to be observed by the transaction in question.
Term
Emancipation
Definition
A child may be deemed a legal adult if
(1) her parents or legal guardian relinquish legal control
(2) she engaged in business as an adult, or
(3) she successfully petitions a court to divest her parents or guardian of legal control.
Term
Some other states fraud damages ( promised value)
Definition
Term
Specially Manufactured Goods
Definition
An oral contract is enforceable if it is for (1) goods that are specially manufactured or obtained for the buyer/lessee, (2) not suitable for sale or lease to others in the seller’s/lessor’s ordinary course of business, and (3) the seller/lessor has substantially started to manufacture or otherwise obtain the goods.
Term
Mitigation of damages
Definition
In most situations, the non-breaching party has a duty to take whatever action is reasonable to minimize the damages caused by the breach.
Term
Past Consideration
Definition
Promises made in return for acts or events that have already taken place are unenforceable for lack of sufficient consideration.
Term
Pre-existing Duty
Definition
promise to do (or refrain from doing) what one already has a legal duty to do (or refrain from doing) generally does not constitute legally sufficient consideration.
Term
Constructive discharge
Definition
occurs when an employer causes an employee’s working conditions to be so intolerable that a reasonable person in the employee’s position would feel compelled to quit.
Term
Unilateral contract
Definition
arises when the offeree can only accept the offer by performance (e.g., X delivers a car to Y, who promises to pay X an agreed price).
Term
Bilateral contract
Definition
A bilateral contract arises when the offeror gives her promise in exchange for the offeree’s return promise (e.g., X promises to deliver a car to Y, and Y promises to pay X an agreed price).
Term
Release
Definition
An agreement whereby one party forfeits its rights to pursue a legal claim against another party.
Term
Specific performance
Definition
Requiring the breaching party to perform exactly as called for in the contract.
Term
Injunction
Definition
Term
Executory contract
Definition
has not yet been fully performed by one or more parties.
Term
Acceptance changes flowchart
Definition
Term
Unjust enrichment
Definition
As a general principle, equity requires that when one party confers something of value or other benefit, the other party must pay a reasonable value (in money or other valuable goods or services) for it.
Term
Forebearance
Definition
Term
Deposited acceptance rule
Definition
Term
Mailbox rule
Definition
An acceptance is generally effective when the offeree dispatches it by an authorized means of communication.
Term
ADEA
Definition
Age Discrimination in Employment Act
Term
Age Discrimination in Employment Act
Definition
Federal law prohibiting

(1) employment discrimination on the basis of age against persons 40 years of age and older, and

(2) mandatory retirement for non-managerial employees.
Term
TIRED
Definition
 Lapse of Time: An offer terminates automatically when the time period specified in the offer expires.

 If no time period is stated in the terms of the offer, then the offer will terminate after a reasonable period of time has expired.

 Destruction of Subject Matter: An offer terminates automatically if the subject matter of the contract (i.e., goods, property) is destroyed prior to acceptance.

 Death or Incompetence: An offeree’s power to accept is terminated when the offeree or the offeror dies or is deprived of legal capacity to enter into the contract, unless the offer is irrevocable, in which case only the offeree’s death or incompetence will terminate the offer.

 Supervening Illegality: A statute or court action that makes a previously valid offer illegal will automatically terminate the offer.
Term
Covenant not to sue
Definition
An agreement to substitute a contractual obligation for some other type of legal action based on a valid claim.
Term
Duress
Definition
Compelling an innocent party to enter into a contract by threatening to harm him or another person, or his livelihood, if he does not agree to the contract.
Term
BOFQ
Definition
Bona Fide Occupational Qualification
Term
Bona Fide Occupational Qualification
Definition
Identifiable characteristics – such as gender, national origin, or religious belief – are reasonably necessary to the normal operation of a business (e.g., a men’s swimwear company may hire only male models).
Term
Bona Fide Purchaser
Definition
Term
New York Fraud damages ( out of pocket)
Definition
Term
NY Rules on Past Consideration and Pre-existing Duty
Definition
Term
Check cases
Definition
Term
Accord and satisfaction
Definition
An agreement between the parties to accept different performance than originally promised.
Term
Intentional disparate treatment discrimination
Definition
- Intentional discrimination by an employer against employees or applicants who are members of a protected class (e.g., African-Americans, females, disabled persons). To state a prima facie disparate treatment claim, a plaintiff must prove that:

(1) she is a member of a protected class;

(2) she applied and was qualified for, or was employed in, the position in question;

(3) she was rejected, demoted, or terminated by the employer; and

(4) the employer subsequently filled the position with a person not in a protected class.
Term
Unintentional disparate impact discrimination
Definition
Term
Anticipatory breach and 1,2,3 options
Definition
Term
Ellerth Faragher Affirmative Defense
Definition
When an employer is accused of allowing sexual harassment by one of its supervisors and therefore liable for that claim as well, that employer can defend itself by demonstrating that:
Term
Acceptance
Definition
A voluntary act by the offeree – either in the form of words or of conduct – indicating the offeree’s agreement to the offer’s terms.
Term
Offer must be communicated and authorized for acceptance to be valid
Definition
Term
Predominant factor test
Definition
Term
Merchant Memo Rule
Definition
Term
Offer
Definition
The offeror’s promise or commitment to perform or refrain from performing some specified future act.
Term
Fraud
Definition
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