Contract Law: How to Handle Ambiguous Terms in a Contract | quimbee.com

A brief excerpt from Quimbee's lecture video on how to handle ambiguous terms in a contract. Check out Quimbee’s current offerings at www.quimbee.com/
This specific lecture video is just one of 30 videos in our lecture on Contracts presented by Professor Shane Dizon. The complete lecture has a duration of 5 hours and 13 minutes and explains the formation of a contract; the creation and interpretation of contract terms; the variety of defenses to a contract; the rights and obligations pertaining to the performance and breach of a contract; and the types and scope of remedies.
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"Contract Law" table of contents:
1. Introduction
+ Welcome
2. Forming a Contract
+ Using Contract Vocabulary and Identifying the Elements of Contract
+ Determining Which Law Applies: UCC or Common Law
+ I Offered, or Did I?
+ Accepting an Offer
+ Exchanging Value: Consideration
+ Statute of Frauds
3. Creating and Interpreting Contract Terms
+ Creating Sales Contracts and The Battle of the Forms
+ Clarifying the Terms: The Rules on Mistake
+ Relying on the Rules of the Road: Ambiguous Terms and Business Practice
+ Examining How We Agreed: Parol Evidence, Integration and Merger
4. Defenses to Contract
+ When Parties Aim to Deceive: Misrepresentation, Duress, and Fraud
+ When There Is No Way to Perform: Impossibility, Impracticability, and Frustration of Purpose
+ When We Can't Say Yes: Capacity and Legality
+ When We Can't Let You Do That: Unconscionability
5. Contract Performance and Breach
+ Relying on the Other Guy's "No": Anticipatory Repudiation
+ Answering to Another Power: Third Party Rights
+ Doing Enough Is As Good As Doing It All? The Rule of Substantial Performance
+ Selling Goods Is Hard to Do? The Perfect Tender Rule
+ Performing One Step at a Time: Conditions and Installments
6. Remedies
+ Putting the Fire Out Yourself: Avoiding Loss and the Duty to Mitigate
+ Equitable Damages and the Irreplaceable: Specific Performance
+ Measuring Common-Law Legal Damages (Expectancy, Reliance, and So On)
+ Piling It On: Liquidated and Punitive Damages
+ When Buying and Selling Goes Bad: The UCC and Damages
+ Equitable Damages and Avoiding Injustice: Quasi-Contract and Restitution
7. Conclusion
+ Recap
+ Helpful Hints on Outlining Contracts
+ Helpful Hints on Taking Contracts Exams

[@taraxx2150]

is latent ambiguity also part of unilateral mistake?

[@matthewjamesmjw4172]

please remove the AWFUL sound of the marker on the dry paper from future videos...short quimbee videos are the WORST to watch because it's like nails on a chalkboard for me....I have a ton of videos queued up and I've heard this sound like 15 times in the past 30 minutes