Contracts and Sales MBE Testing Distribution MBE Question Breakdown ________ (I) Formation, (II) Consideration, (VII) Formation of Contracts: ________ Conditions, (IX) Impossibility, and (X) Consideration: ________ Discharge: Third-Party Beneficiary Contracts: ________ (III) Third-Party Beneficiaries, (IV) ________ Assignment and Delegation, (V) Statute Assignment and Delegation: ________ of Frauds, (IV) Parole Evidence, (VIII) Statute of Frauds ________ Remedies Parol Evidence and Interpretation ________ Conditions ________ Remedies ________ Impossibility, Impracticability, and ________ Frustration of Purpose Discharge of Contractual Duties ________ I. Formation of Contracts III. Third-Party Beneficiary Contracts A. Mutual Assent __ A. Intended Beneficiaries __ 1. Offer B. Incidental Beneficiaries __ 2. Acceptance C. Impairment or Extinguishment of Third- 3. Non-Conforming Acceptance Party Rights __ 4. Avoidance of Contract D. Enforcement by the Promisee __ B. Capacity to Contract __ IV. Assignment and Delegation C. Improper Contracts __ A. Assignment of Rights __ D. Implied-in-Fact Contracts and Quasi- Contracts __ B. Delegation of Duties __ E. Pre-Contract Detrimental Reliance __ V. Statue of Frauds F. Warranties __ A. Common Law __ II. Consideration B. Writing Requirement __ A. Bargained-for Exchange and Legal C. UCC __ Detriment __ VI. Parol Evidence and Interpretation B. Adequacy of Consideration __ A. Four Corners Rule __ C. Modern Substitutes for Bargain __ B. Collateral Contract Rule __ D. Modification of Contracts __ C. Evidence of Usage of Trade __ E. Compromise and Settlement of Claims D. Course of Dealing __ __ 1 VII. Conditions IX. Impossibility, Impracticability and A. Express Conditions __ Frustration of Purpose B. Constructive Conditions __ A. Impossibility of Performance __ C. Obligations of Good Faith and Fair B. Impracticability __ Dealing __ C. Frustration of Purpose __ D. Suspension or Excuse of Conditions __ E. Prospective Inability to Perform and X. Discharge of Contractual Duties Anticipatory Repudiation __ A. Substituted Agreement __ B. Novation __ VIII. Remedies C. Account Stated __ A. Election of Substantive Rights and D. Accord and Satisfaction __ Remedies __ E. Miscellaneous Discharges __ B. Total and Partial Breach of Contract __ C. Equitable Remedies __ D. Rescission and Reformation __ E. Measure of Damages __ F. Consequential and Other Damages __ G. Liquidated Damages and Penalties __ H. Restitution and Reliance Recoveries __ I. Remedial Rights of Defaulting Parties __ J. Avoidable Consequences and Mitigation of Damages __ K. Risk of Loss __ 2 .