K Strategy


Mutual Assent:  Bilateral v. Unilateral K
	1) Offer
		1. Present Intent
		2. Conditional Prom.
		3. Binding Agmt
		4. Final Agmt
		5. Definite
	2) Termination of Offer before Acceptance
		1. Supervening Death / legal incapacitation of offeror / offeree
		2. Supervening illegality
		3. Death / destruction of an essential person/ obj.
		4. Lapse of X
		5. Rejection by offeree
	3) Acceptance
		1. Eligible Offeree
		2. Knowledge of offer
		3. Intent 2 accept
		4. Req'ed return
		5. Unconditionally
Consideration: Bilateral v. Unilateral Ks
	1) Bargain
		1. Did D bargain 4 it
		2. Did P give it
	2) Legal Value
		1. Did P incur legal detriment
		2. Did D receive legal benefit
	3) P didn't incur legal detriment
		1. Illusory Promise
		2. Pre-existing Duty
		3. Invalid Claim
	4) Substitute 4 Consideration
		1. Moral Obligation
		2. Promissory Estoppel
Enforceability:  Void, Voidable, / Unenforceable
	1) Statute of Fraud
		1. K's w/in purview of S/F
		2. Methods of compliance
		3. Effects of noncompliance
		4. Mitigating Doc's
	2) 3 Status Docs / 3 I's
		1. Insanity
		2. Intoxication
		3. Infancy
	3) Duress (Physical v. Economic)
	4) Misrepresentation (Intentional v. Innocent)
	5) Mistake (Unilateral v. Mutual)
	6) Economic Inadequacy of Consideration in Equity

Void			Voidable		Unenforceable	Enforceable
S/F (min.)					S/F (maj.)
Infancy (surety)	Infancy (maj.)				Infancy (bail bond)
Insanity (gen. guard)	Insanity (lim.'ed guard)
			Intoxication
			Econ. Duress
Misrep. (Intentional)	Misrep.
Mistake (Mutual)	Mistake (Mutual)


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