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No new consideration
Categories of Duress
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Violence. Economic threats. Extortion
Promissionary Estoppel- party recovers damages
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1. Promiser makes reasonable promise
2. Promisee relied on promise and suffered injury
3. Promisee reliance was reasonable and foreseeable
4. Principles of equity+justice are served by providing compensation
Duress
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(n.) compulsion by threat; forcible confinement
Valid contract 4 elements
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1.mutual assent
2. Consideration
3. Capacity
4. Legality
No such thing as a
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Criminal tort
, Fraudulent Misrepresentation
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Party to a contract deliberately makes an untrue statement of fact
Writing for good sales must include
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Quantity, signature, understandable language
What happens when a party writes an incorrect decimal
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Reformation
Ucc fills gaps
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Offers w open terms