Review Questions

Chapter 12: Contracts

1. Why are lawyers more concerned with writing, rather than litigating, contracts.?
2. What is an executory contract?
3. What are the three requirements of contract formation under the so-called "classical model"?
4. How do we label a contract that is accepted by performance rather than by a return promise of performance?
5. The meeting-of-the-minds model of contract formation characterizes which model of contract?
6. What does the Statute of Frauds require?
7. What is the exception to the lack of contractual capacity of minors?
8. What is the measure of damages for breach of contract?
9. The concept of "unjust enrichment" is the basis for what contract remedy?
10. Contract obligations may be created by promissory estoppel even without a contract formation in the classical sense on whatgrounds?