u/Fine-Ostrich4202

Contracts mnemonic too good not to share

Just came up with this beauty...

The MD FIRMS UP and PER his attorney, ECILS (exiles) the defendant:

Defenses to Formation

M - MISTAKE

D - DURESS

F - FRUSTRATION OF PURPOSE

I - INCPACITY

R - REVOCATION

M - MISREPRESENTATION

S - STATUTE OF FRAUDS

Promissory Estoppel - the 4 Rs

P - PROMISSORY

E - ESTOPPEL

R - 4 R'S (Restitution damages, reliance damages, recission, reformation)

Damages (Note these are also in the order that the court is most likely to grant)

E - EXPECTATION DAMAGES

C - COMPENSATORY DAMAGES

I - INCIDENTAL DAMAGES

L - LIQUIDATED DAMAGES

S - SPECIFIC PERFORMANCE

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u/Fine-Ostrich4202 — 1 day ago