Chapter 1: Legal Ethics Learning Objectives 1. In what types of situations might voluntary consent to a contract’s terms be lacking? 2. What is the difference between a mistake of value or quality and a mistake of fact? 3. What are the elements of fraudulent misrepresentation? © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Learning Objectives 4. What contracts must be in writing to be enforceable? 5. What is parole evidence? When is it admissible to clarify the terms of a written contract? © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Voluntary Consent A contract may be unenforceable if the parties have not genuinely assented to its terms by: –Mistake. –Misrepresentation. –Undue Influence. –Duress. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Voluntary Consent Mistakes. –Mistakes of Fact vs. Mistakes of Value (or Quality). • Only a mistake of fact allows a contract to be voided. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Voluntary Consent Mistakes. –Unilateral Mistakes of fact cannot be canceled unless: • Other party to the contract knows or should have known, OR • Mistake was due to an inadvertent mathematical mistake and was not gross negligence. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Voluntary Consent Mistakes. –Bilateral (Mutual) Mistakes: concerns the same material fact, and can be rescinded by either party. • CASE 10.1 L&H CONSTRUCTION CO. V. CIRCLE REDMONT, INC. (2011). Do you agree the parties made a mutual mistake? © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Ex. 10-1 Mistake of Fact © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Voluntary Consent Fraudulent Misrepresentation. –Contract is Voidable by Innocent Party. –Consists of the following Elements: • Misrepresentation of Material Fact. • Intent to Deceive. • Reliance on Misrepresentation. • Injury to the Innocent Party. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Voluntary Consent Undue Influence. –Contract lacks voluntary consent and is voidable. • Confidentiality, Fiduciary, or Relationship of Dependence. • Undue Influence or Persuasion is presumed if a weaker party talked into doing something not beneficial to him or herself. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Voluntary Consent Duress. –Forcing a party to enter into a contract under fear or threat makes the contract voidable. –Threatened act must be wrongful or illegal and render person incapable of exercising free will. –Threat of civil suit is not duress. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Statute of Frauds— Writing Requirement Statute of Frauds requires certain contracts to be in writing and signed to be enforceable. Contracts involving Interests in Land. The One-Year Rule. –A contract that by its terms cannot be performed within 1 year of execution. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Ex. 10-2 One Year Rule © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Statute of Frauds— Writing Requirement Collateral Promises. –Contracts to answer for the debt of another. –Primary vs. Secondary Obligations. –Exception: The “Main Purpose” Rule: Oral promise is covered by Statute of Frauds unless guarantor is seeking a personal benefit. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Statute of Frauds— Writing Requirement Promises Made in Consideration of Marriage. –Prenuptial agreements are “more” enforceable if consideration is involved. Contracts for Sale of Goods over $500. –See Chapter 13, UCC Article 2. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Contracts Subject to the Statute of Frauds © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Statute of Frauds— Writing Requirement Exceptions to the Statute of Frauds. – Partial performance. • Purchaser has paid part of purchase price, taken possession and made valuable improvements to property. – Admissions. • Party admits in court records contract exists. – Promissory Estoppel/Detrimental Reliance. • Promisee justifiably relies. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Sufficiency of the Writing What Must Be Contained. –“Writing” includes memorandum, invoice, fax, check, email. –Essential terms sufficient. –Signed by party against whom enforcement is sought. • CASE 10.2 BENEFICIAL HOMEOWNER SERVICE CORP. V. STEELE (2011). © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Parol Evidence Rule © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Parol Evidence Rule Prohibits the introduction at trial of evidence of the parties prior communications that contradicts the written contract. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Parol Evidence Exceptions (allow parol evidence): – Evidence of subsequent contract modifications – Oral evidence to show contract was void or voidable. – Show meaning of ambiguous Terms. – To “fill in the gaps.” © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Parol Evidence Exceptions (allow parol evidence): – Prior Dealings, course of performance, usage in trade. – Obvious Clerical Error. • CASE 10.3 WATKINS V. SCHEXNIDER (2010). What exception to the parol evidence rule applied in this case? © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Parol Evidence Integrated Contracts. –Is the written contract intended to be a complete and final statement of the terms of the agreement? –If “yes”, then the contract is “integrated.” –Can be fully or partially integrated. –Courts exclude any parol evidence that contradicts the writing. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.