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Principle off american contract law

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PRINCIPLES OF AMERICAN CONTRACT LAWAssociate Dean Francis J.. Common law of contract: cases, Restatements, treatises.. The Uniform Commercial Code: a common-law statute.. Overview of con

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Como Summer School Program

July 18-22, 2011

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PRINCIPLES OF AMERICAN CONTRACT LAW

Associate Dean Francis J Mootz III William S Boyd School of Law University of Nevada, Las Vegas

Como Summer School Program

July 18-22, 2011

Monday, July 18, 10:00 – 11:30 (Read pages 1 – 16):

1 Introduction to the U.S legal system

A Federalism; Branches of government

B Common law system

C Statutes, not codes

2 Sources of contract law

A Common law of contract: cases, Restatements, treatises

B Statutes and regulations

C The Uniform Commercial Code: a common-law statute

3 Overview of contract: the jurisprudence of consensual liability

4 Formation of the Contract

A The Objective Theory of Mutual Assent: Ray v William G Eurice & Bros., Inc.

B The Doctrine of Consideration: Batsakis v Demotsis

C “Agreement” under the Uniform Commercial Code: Selected Provisions of UCC;

Kleinschmidt Division of SCM Corp v Futuronics, Corp.

Tuesday, July 19, 12:00 – 13:30 & 15:00 – 16:30 {Double Class} (Read pages 17 – 40):

1 Alternative Theories of Liability

A Promissory estoppel: Pop’s Cones, Inc v Resorts International Hotel, Inc.

B Restitution (“Unjust enrichment”)

2 Interpreting the Contract: Frigaliment Importing Co v B.N.S.

3 The obligation of good faith and fair dealing

A Common law: K.M.C Co v Irving Trust Co.

B Uniform Commercial Code: Neumiller Farms, Inc v Cornett

Wednesday, July 20 – Contracts does not meet

Thursday, July 21, 10:00 – 11:30 (Read pages 41 – 56)

1 Overview of contract defenses

2 The defense of undue influence: Syester v Banta

3 The defense of public policy: Schlobohm v SPA Petite, Inc.

Friday, July 22, 12:00 – 13:30 (Read pages 57 – 64)

1 Overview of contract damages

2 Expectation measure (“benefit of the bargain”)

3 Reliance measure (“out of pocket”): Wartzman v Hightower Productions, Ltd.

4 Restitutionary measure (“return of value conferred”)

5 Specific Performance (“order to comply with contract”)

6 FINAL EXAM (in class)

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