Law 2101 Lecture Notes - Lecture 5: Family Law, Collateral Contract, Estoppel
12 Apr 2018
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Provides reasonable assurance that a person will be held to their promise, provides by giving person disappointed a remedy of law. Tells us the promises our legal system will enforce, what you should do versus what you should be legally compelled to do. Vast majority of rules created by judges (common law) not statutory because: tradition - just how we do things // leave it to the judges, practical - no codi er can see every interaction that can arise. Special contracts - sales of goods act, consumer protection act, domestic contracts - These are regulated by statutes because they are highly specialized. Technical aspects of contract formation: o er and acceptance. O eror : the one to make the o er. O eree : the one to whom the o er is made // has the ability to accept once o er made.
