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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?
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What did Cardozo suggest about the concept of 'promise' in a contract?
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What obligation does an exclusive dealing agreement impose on the seller and the buyer?
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What is the requirement for an exclusive agent even if no express commitment has been made?
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What is the key difference between unconscionable contracts and contracts lacking mutuality?
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How did the lower court rule in the case involving Lady Duff-Gordon?
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Explain why the Court of Appeals had a close split of 4-3 in Lady Duff-Gordon's case.
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