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- 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
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