Assignment # 4: Contract Analysis Directions. Canterra Petroleum v. Western Drilling & Mining Supply involves the sale of drilling pipe and its fraudulent diversion by employees of one of the parties. This is an example of a transaction being governed by the Uniform Commercial Code rather than common law. Read the case, focusing on the details surrounding the transactions as the pipe changed hands (on paper), then complete this worksheet. Summary of contract/what happened: Identify the elements as it relates to your contract Offer Acceptance Genuine or Mutual Agreement/Meeting of the Minds Capacity Consideration Legality Identify which of the following Characteristics relate to your contract story Text Predictions On To Accessibility: Good to go