LAWS 310 Oral Agreements

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LAWS 310 Oral Agreements
What are the different types of contracts?  What is the Restatement of Contracts?…

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LAWS 310 Oral Agreements

LAWS 310 Oral Agreements

Discussions Week 6 All Students Posts – 40 Pages

Read the summary of Case 14.1, Turner Broadcasting System, Inc. v. McDavid in Chapter 14 of your text. Should businesspeople be bound to their oral word? Why or why not? Support your conclusion with references to the concepts discussed in your text.

In order to put together a contract, we first need to understand different types of Contracts. What are the different types of contracts?  What is the Restatement of Contracts?

Let’s talk about the Statute of Frauds. This concept requires that any contract that transfers an ownership interest in real property must be in writing to be enforceable. What are some other contracts that transfer an ownership interest in land and must be in writing under the Statute of Frauds?

What are the challenges in being able to prove an oral contract?  Knowing these challenges will help us prove our positions if we find ourselves in this situation…

How about punitive damages…Are punitive damages awarded in contract actions? Why or why not?Under what circumstances?  Are tort cases costing too much? Are Americans too litigious? Is it time for tort reform? What do you think?