BLW Ch 9

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Author:
dresmoneybags
ID:
273500
Filename:
BLW Ch 9
Updated:
2014-05-06 18:01:07
Tags:
BLW
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Description:
Chapter 9
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  1. 5 Cases where the contract must be in writing
    • Land
    • Marriage
    • Guarantee (3 people)
    • $500 or more purchase or sale
    • If more than one year of employment
  2. 9.1  Star Credit Corp v. Cecilio Molina
    • Was there failure of consideration or falling short?   Yes
    • There was an interruption during the contract
    • Was there a good faith law? State Statue
    • Honesty in Fact, a fair deal
    • There was a breakdown in the contract
  3. 9.2  Schaff Bros Inc. v. American Fidelity Fire Insure Co
    • Substantial performance - beyond a reasonable doubt for construction law, somewhere above 90%
    • Around 95% applies to general contractors
    • This law doesn't require 100% unless it is stated in the contract
    • They are considered subcontractors and not general contractors
    • Does substantial performance go for subcontractors?  No

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