How many contracts, do you enter into each day or week? What types of contracts are they?
Question:
How many contracts, do you enter into each day or week? What types of contracts are they? Do all contracts have to be in writing? Which contracts must be in writing - what are the policy reasons for such? What are the four basic essential elements necessary in every contract? (Prof M would opine there are only 3 elements- Offer, Acceptance and Consideration). Concur or Dissent?
What is an option contract? (is it more than one contract?) Can you revoke an offer? Are the Mailbox and Mirror Image rules essentially non-issues in today's modern society being replace with issues such as whether online bids/offers constitute acceptance? Are punitive damages permitted in a contract action? Why or why not-- How does this compare to Tort Law? How do you compare and contrast damages in contract law with tort law? What exactly is consideration? The "glue" of a contract- Very technical like proximate causation in Tort Law.
In the 21st century, how do traditional contract laws apply to shrink-wrap and click-on agreements?