Category: Uncategorized

Under the UCC, a signed, written offer made by a merchant that allows acceptance within a time period is not binding (irrevocable within that time period) unless the offeree provides consideration.

Undue influence occurs when a:

The $45 price tag on a sweater is an example of a valid offer.

Courts will grant quasi-contract relief when one party (the defendant) has unfairly benefited at the innocent expense of another (the plaintiff).

A promise of a gift to be given in the future is enforceable if the donor changes his mind prior to the execution of the gift.

An  offer is valid only if it has:

An agreement is not legally enforceable unless the consideration given is of equal value to the consideration received.

A voidable contract is one that has no legal effect whatsoever.

An offer is generally valid even if it is made as an obvious joke.

Undue influence cannot be proven unless a physical threat was made.