Tag: contract law

William J. Tucker Law > Blog > contract law

The “Economic Loss Rule”

One of the least well known and largely misunderstood rules in civil litigation is the “Economic Loss Rule.”  An excellent description of the Economic Loss Role and an explanation of when it does and does not apply is found in the California Court case of Robinson Helicopter Co., Inc. v. Dana Corp. (2004) 34 Cal. […]

Read More

When Must Contracts Be in Writing to be Enforceable?

Contracts may be oral or in writing. The general rule is that any contract, whether oral or in writing, is enforceable, so long as it contains a quid pro quo and is legal. However, certain contracts must be in writing to be enforceable. However, it would be more correct to say, as the Statute of […]

Read More

What Is A Contract And How Is It Formed?

A contract is an agreement among two or more individuals or entities to do something, or to refrain from doing something.   How is a Contract Formed? There are four requirements for the formation of a contract:  (1) a lawful object, (2) an offer, (3) an acceptance of the offer, and (4) “consideration.”    A […]

Read More