Blaw 220 ualbany - Study guides, Class notes & Summaries

A draft is an ______written order by one party (drawer) that directs the 2nd party, the drawee, to pay a 3rd party, the payee. - unconditional Additional terms to a contract - (ONLY APPLIES TO A CONTRACT BETWEEN MERCHANTS) in a contract between merchants where one party adds unimportant terms in a contract, those terms become apart of the contract unless the other party objects in a reasonable time Article 2 - Law of Sales Bailee - Person given goods with the intention of returning them B...

3 strikes rule - Statute of frauds, if all 3 requirements are met, you cannot raise statute of frauds 3rd Party Beneficiary - Ensures a 3rd party will receive the benefits of a contract A promise to charity is/isn't enforceable even without consideration - is Acceptance - Must be definite and unconditional, can only accept an offer made to YOU Offeror can request acceptance be made in a certain way After acceptance, even with death, it is/is not still a binding offer - is Age Discriminati...