(2) Promisor requested act & promisee perf. w/ expectation of paymt, most enforce payment.
3. Detriment From Promisor (detriment to Promisee) Doing something promisor not otherwise required to do or NOT doing something promisor has rt or good faith belief had rt to do (can be a legal disadv. – not smoking):
a. Signif. MIN says if no detriment from promisor look for benefit to promisee.
b. NOT a detriment if Promisor had PRE-EXISTING duty to do it.
EXCEPT:
(1) unforeseen difficulty so severe could walk away but promise to do anyway.
(2) Good faith exception to disputed duties (misunderstand & new prom. to compromise; bona fide good faith dispute).
4. Binding, Not Illusory Promise: can't have unrestricted or total discretion on whether to perform (mutuality of obligation):
a. NOTE: Requirement & Output promises look illusory but not b/c Doe imposes reas. quantity requirement, nor are satisfaction conditions b/ c must be SUBJECTIVE good faith dissatisfaction.
5. Consideration Substitutes (MAKE SURE PROMISE DOESN'T ALREADY HAVE CONSIDERATION FIRST!):
a. Code Consideration Substitutes
-> Merchant's firm offer to keep open enforced up to 3 mos. unless consideration then for time stated.
-> For CODE, don't need consideration for modificatn IF MADE IN GOOD FAITH.
b. Common Law Consideration Substitutes:
(1) MIN accept Ks under seal w/o consideration, or
(2) Prom. Estoppel: if promisee detrimentally, reas. & foreseeably relies on promise, it's enforceable though no good consideration (buy car based on prom. to pay when your thumb smashed).
-> Make sure not good consideration 1st b/4 you apply these
Unit 7
Legality
Действительность договора
Договор действителен, когда в нем отражены все существенные условия, предусмотренные законом, и условия на которых настаивает сторона договора. Сделка может быть признана судом недействительной, например, если она не соответствует закону или иным правовым актам, либо совершена с целью, заведомо противной основам правопорядка или нравственности (глава 9 ГК РФ).
List of key terms and word combinations:
– conspiracy – сговор (о совершении преступления)
– exculpatory agreement – оправдательное, оправдывающее соглашение
– in pari delicto – равная вина
– local option – право жителей округа контролировать или запрещать
– public policy – публичный порядок
– restraint of trade – ограничение свободы торговли
– usury – ростовщичество
An agreement may involve a valid offer, an effective acceptance, mutual assent, competent parties, and valid consideration and still be void because of
