Alaska Packers' Pay Dispute Quiz
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Questions and Answers

What was the exclusive right given to Wood in the contract with Lady Duff-Gordon?

The exclusive right to place endorsements and to market Lady Duff-Gordon's designs.

Why did Wood sue Lady Duff-Gordon?

For breach of their contract.

According to the Lower Court's decision, what was the issue with Wood's promise to collect revenues?

Wood's promise to collect revenues was not binding because he had not agreed to perform the actions necessary to generate those revenues.

How did Cardozo view the evolution of contract law?

<p>Cardozo believed that the law had moved beyond strict formalism and that obligations could be implied even if not explicitly stated.</p> Signup and view all the answers

What did Cardozo suggest about the concept of 'promise' in a contract?

<p>Cardozo suggested that the entire contract could imply an obligation, even if not perfectly expressed.</p> Signup and view all the answers

What obligation does an exclusive dealing agreement impose on the seller and the buyer?

<p>Seller - use best efforts to supply the goods; Buyer - use best efforts to promote their sale</p> Signup and view all the answers

What is the requirement for an exclusive agent even if no express commitment has been made?

<p>To use reasonable effort and due diligence in the expansion of the market or the promotion of the product</p> Signup and view all the answers

What is the key difference between unconscionable contracts and contracts lacking mutuality?

<p>Unconscionable contracts present mutual obligations that courts decline to enforce, while contracts lacking mutuality may be rendered enforceable by the court.</p> Signup and view all the answers

How did the lower court rule in the case involving Lady Duff-Gordon?

<p>Unanimously found in favor of Wood</p> Signup and view all the answers

Explain why the Court of Appeals had a close split of 4-3 in Lady Duff-Gordon's case.

<p>Due to the contract appearing one-sided but being rendered enforceable by the court through the reading in of a promise.</p> Signup and view all the answers

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