Contracts

7.	Feb 2015
	a.	Governing law
		i.	UCC
	b.	Valid contract
		i.	Offer
		ii.	Acceptance
		iii.	Consideration
		iv.	No defenses apply
	c.	Breach
		i.	Condition precedent
			1.	Request for assurances
				a.	Reasonable insecurity, if they don’t respond within reasonable/30 days, its anticipatory 			 . 					breach
			2.	Anticipatory repudiation
		ii.	Time to perform
			1.	Time of the essence clause
		iii.	Discharge of performance
		iv.	Perfect tender rule
	d.	Damages
		i.	Consequential
		ii.	Expectancy
		iii.	Incidental
			1.	$2000
		iv.	Restitution