What are the elements of consideration? Explain agreements that lack consideration.

What is an accord and satisfaction; what is a release?

Explain a covenant not to sue.

What is a unilateral mistake; a bilateral mistake?

Explain undue influence; what is duress (distress).

What is the Statute of Frauds - Writing Requirement for Certain Contracts). Which contracts under the Statute of Frauds are required to be put in writing? Identify and Explain the exceptions to this rule.

What is an assignment; an assignee?

Explain condition precedent and condition subsequent.

Discuss the difference between delegation and privity of contract.

Explain recovery which is based on quasi-contract.

What is mitigation of damages?

What is the difference between specific performance and restitution?

Explain liquidated damages and incidental damages.