LS101 Lecture Notes - Radical Change, Fine Print, Condition Precedent
24 Feb 2013
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Document Summary
Choice if you want to enter into contract with obligations. Protect property, prevent fraud, and ensure people live up to deals that they make. Individuals should be given the freedom of choice: law acts to restrain our conduct to protect society. Power differential: help those with less power. Contracts can be oral and accepted as informal as a handshake. Sale of goods act: legislation that regulates how we contract with other. Contracts concerned with the exchange of goods and services. People voluntarily enter into contracts, not forced. Definition of a contract: an agreement between two or more parties that is binding in law which gives rights and/or obligations which the courts may enforce: starts with a promise, freedom to contract. If something goes wrong, courts decide whether to infer. Fundamental principle of law: fundamentally wrong. Vulnerable populations: terms of the contract. Language must be specific and certain: looks at damages.
