Contracts Exam

Fall 1996

Answer Outline

Question 1 -- 10 pts

Alternate answers

• Unilateral Contract Analysis 7 pts
• Consideration Analysis 7 pts

Both analyses 10 pts

Question 2 --10 pts

• Written agreement Contemplated 7 pts
• Remedy 3 pts

Question 3 -- 10 pts

Alternate answers

• Consideration 5 pts
• Unilateral Contract
  • Option contract 8 pts
• Both analyses 10 pts

Question 4 10 pts

• Consideration 5 pts
• Reliance (including remedial) 5 pts

Question 5 -- 10 pts

• Mailbox Rule
  • Acceptance
  • Revocation of offer

Question 6 -- 30 pts

• Offer 5 pts
  • Quote distinguished
  • Definiteness
• Acceptance (specifications will follow) 10 pts
  • Certainty/Reasonable Basis for Granting recovery
• Statute of Frauds 10 pts
  • General 5 pts
  • U.C.C. 5 pts
• Remedy 5 pts

Question 7-- 30 pts

• Requirements/Output Contracts 20 pts
  • Estimate/prior 10 pts
  • Good faith 10 pts

    (Future processes)

• Parole Evidence Rule 7 pts
• Remedy 3 pts

Question 8 --10 pts

Alternative Answers

• Modification of Contract 5 pts
• Duncan v. Black 7 pts