Law 5110 Study Guide - Quiz Guide: Soft Law, Retail, Laissez-Faire
Document Summary
Identifications of a contract freedom of contract. Lack of vitiating factor (there should be consent, nor force, there is no meeting of the . If these 6 factors have not been met then the contract is not forceable. 1) substantive = whether the end result is fair. 2) procedural = making sure you have access to all the information necessary. Creation of the contract => interpretation of the contract => termination of contract. Competency for period 2 legal advice. A contract is a promise the courts will enforce. A contract is a multi-lateral juridical act whereby one or more parties assume an obligation towards one or more other parties. A contract is a promise or a set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes as a duty.
