Contracts Vocabulary List 1. Uniform Commercial Code 2. Restatement 3. Void 4. Voidable 5. Unenforceable 6. Express Contract 7. Implied Contract 8.

Quasi-Contracts 9. Rejection 10.Counter- offer 11.Unilateral Contract 12.Bilateral Contract 13.Mirror-Image Rule 14.Mail box rule 15.Battle of the forms 16.Irrevocable Offers 17.Option Contract 18.Firm Offers 19.Benefit 20.Detriment 21.Gratuitous Promise 22.Past Consideration 23.Moral Obligation 24.Promissory Estoppel 25.Contract Modification

26.Pre-existing Duty rule 27.UCC 2-209 28.Requirement contract 29.Output Contract 30.Accord and Satisfaction 31.Statute of Fraud 32.Misunderstanding 33.Mistake 34.Unilateral Contract 35.Mutual Contract 36.Incapacity 37.Fraud/ Misrepresentation 38.Duress 39.Undue Influence 40.Unconscionability 41.Illegality/Public Policy 42.Parol Evidence Rule 43.Interpretation 44.Ambiguity 45.Good faith 46.Warranties 47.Conditions 48.Excuse/Waiver of condition 49.Modification 50.Impossibility 51.Impractibility

52.Frustration of Purpose 53.Anticipatory Repudiation 54.Adequate Assurances 55.Material Breach 56.Substantial Performance 57.U.C.C. Perfect Tender Rule 58.Intended beneficiary 59.Incidental beneficiary 60.Delegation 61.Novation 62.Assignment 63.Expectation interest 64.Loss in value 65.Cost of repair/ completion 66.Reliance interest 67.Restitution interest 68.Consequent damages 69.Incidental damages 70.Liquidated damages 71.Mitigation of damages 72.Specific performance 73.Injunctive relief