LLB 120 Lecture Notes - Lecture 8: Harry Gibbs, Specific Performance, Fine Fare
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A contract cannot be valid if the terms of the contract are not certain or complete. The terms of the contract must be clear enough that a reasonable person can understand the meaning of the contract. The contract should not (cid:272)o(cid:374)tai(cid:374) a(cid:374)(cid:455)thi(cid:374)g (cid:455)ou do(cid:374)(cid:859)t u(cid:374)dersta(cid:374)d. Resolution of the issue requires consideration of the nature of the issue. Judicial attitudes differ as to the degree of c & c required. O(cid:373)e (cid:858)fill gaps(cid:859) to (cid:448)alidate the (cid:272)o(cid:374)tra(cid:272)t. Others are adamant the courts should not do this as its an unwarranted interference with individual liberty. The la(cid:449) should (cid:862)(cid:374)ot i(cid:374)(cid:272)ur the reproa(cid:272)h of (cid:271)ei(cid:374)g the destro(cid:455)er of (cid:271)argai(cid:374)s(cid:863) hillas v arcos. Generally judges today go further to uphold vague or incomplete agreements. If one party holds the power to stop the contract from moving forward the contract is invalid. If one party makes only illusory promises the entire contract will fail for want of consideration.
