Contracts Law

Agreement to Sell

Contracts Law.  An agreement to sell or agreement of sale is a contract to be performed in the future, and, if…

2 weeks ago

Adequate Consideration

The return that a promisor receivers for his or her promise, where all contracting parties receive each other's promises as…

2 weeks ago

Accord and Satisfaction

An accord and satisfaction is generally an agreement between parties to a contract to settle a claim under that contract, often at a lesser…

3 weeks ago

Austin Instrument, Inc. v. Loral Corp.

Citation: 29 N.Y.2d 124 (1971). One-Sentence Takeaway: A contract is voidable on the grounds of duress by the party who…

3 weeks ago

Angel v. Murray

Citation: 322 A.2d 630 (R.I. 1974). Summary: City of Newport (Plaintiff) had entered into a 5-year contract with Defendant to collect garbage…

3 weeks ago

American Trading & Production Corp. v. Shell International Marine Ltd.

453 F.2d 939 (2d Cir. 1972). One-Sentence Takeaway: An increase in expense is not sufficient to constitute commercial impracticability. Summary:  The…

3 weeks ago

Alaska Democratic Party v. Rice

934 P.2d 1313 (Alaska 1997). One-Sentence Takeaway: The court used promissory estoppel to enforce an oral promise of employment that was…

3 weeks ago

42 U.S.C. Section 1981

Also known as Section 1981 of the Civil Rights Act of 1866. A federal law that prohibits discrimination based on…

3 weeks ago

168th and Dodge, LP v. Rave Reviews Cinemas, LLC

501 F.3d 945 (8th Cir. 2007) One-Sentence Takeaway A binding contract is not formed by a preliminary agreement which sets…

3 weeks ago