Question: lene called him and asked if he could get the job done by July 3, in time for independence Day. Richard said he could, but

lene called him and asked if he could get the job done by July 3, in time for independence Day. Richard said he could, but he failed to do so, and Darlene had to rent two canopies at the cost of awning rental. Is she correct - was his promise binding? Why? in this chaptor, we have soon that two fundemenal sources of contract law tre the common low as developed in the state courte and as summerized in the Restatement (Second) of Contracto, and the Uniform Commeralal Code for the sale of goods. (We obtarved there le international con-tracto law for the sale of goods, 100; the CISO.) galos law le a spoolal type of contract law, govemed by Article 2 of tha UCO, Artice 2 governs the sale of goods only, defined as things movable at the time of identification to the contract for Types of contracts can be distinguished along these axes: (1) expross and implied, including quasi contraots implied by law; (2) bilateral and unilatoral: (3) enforceable and unentorceable, and (4) completed (exocuted) and uncompleted (executory). To understand contract law, i is necessary to master these distinctions and their nuances. For parties to have a contract, the following elements are required: Thore was an agreement (offer and acceptance); There was consideration; The agreement was real (there was no lack of free will, knowledge, or capacity); The agreement was legal. For the agreement to be enforceable, in some situations there must be something in witting signed by the party to be bound (to be held to the agreement) in accordance with the statute of If the parties did have a contract, nevertheless, one side might have a defense (excuse) and not be held liable for breach. Excuses include the happening or non-happening of conditions, agreement by the parties to limit liability, and impossibility of performance (and its relatives), among Remedies available against someone who breaches a contract include damages, specific perfor-mance, and restitution. Frequently, the party who is not in breach must choose between tort an contract remedies. Sometimes, where economically beneficial, a party knowingly and intentio ally breaches (that party's reputation may suffer, though)

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