Contract Doctrine, Theory & Practice Volume 3, 2012a

Table of Contents
VI. IDENTIFYING AND INTERPRETING THE TERMS OF AN
AGREEMENT 1
1 The Common Law Parol Evidence Rule 2
1.1 Principal Case – Mitchill v. Lath ..................................................... 3
1.2 Principal Case – Masterson v. Sine ................................................ 12
1.2.1 Discussion of Mitchill v. Lath and Masterson v. Sine ............. 33
1.2.2 The Use of Merger Clauses ..................................................... 33
1.2.3 The Restatement Formulation of the Parol Evidence Rule .... 35
2. The UCC Parol Evidence Rule 38
2.1 Principal Case – Hunt Foods & Industries v. Doliner ................... 41
2.1.1 Snyder v. Herbert Greenbaum & Associates ........................... 44
2.1.2 Discussion of Hunt Foods v. Doliner ..................................... 46
3 Interpretation 46
VII. REMEDIES FOR BREACH 48
1 Monetary Damages 48
1.1 Introduction ................................................................................... 48
1.1.1 Globe Refining Co. v. Landa Cotton Oil Co. ........................... 53
1.1.2 Hypo Based on Globe Refining .............................................. 56
1.1.3 Discussion of Hypo Based on Globe Refining ........................ 57
1.2 Principal Case – Freund v. Washington Square Press ................... 57
1.2.1 Discussion of Freund v. Washington Square Press ................. 63
1.3 The “Coase Theorem” and Efficient Breach ................................. 63
1.3.1 Efficient Breach ....................................................................... 63
1.3.2 Discussion of Efficient Breach................................................ 65
1.3.3 Hypo of Dan and Lynn on the River ....................................... 66
1.3.4 Problem: Signing Bonus for First-Year Associates ................. 67
2 Specific Performance 67
2.1 Principal Case – Klein v. Pepsico ................................................... 68
2.1.1 Discussion of Klein v. Pepsico ................................................ 75
2.2 Principal Case – Sedmak v. Charlie’s Chevrolet, Inc. .................... 75
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