UGBA 175 Lecture Notes - Lecture 3: Quasi-Contract, Intellectual Disability

• School: Berkeley
• Department: Business Administration Undergraduate Program
• Course: UGBA 175
• Professor: Alan Ross Alan

Document Summary

Scenario one: i think i"ll give you 10 bucks. I will give you 10 bucks or presence of money. Scenario two: i will give you 10 bucks for a pen. Object must be definite must specify what you are selling for a valid contract. Promises must be kept or the court will enforce them. What about if someone forces another person to make a promise with intimidation (a gun) Amend: promises [not under dureess caused by the offeror] must be kept or the court will enforce them. Offeror must be the cause of the duress. Consideration: you must give something to get something. Examples: if a invites b to dinner and stands b up, if b spends money on his meal and sues a court determines no contract because of the lack of consideration (b did not give anything) Lesson: a lot of law is policy, which is based on opinions.