CCT206H5 Lecture Notes - Lecture 10: Quasi-Contract, Undue Influence, Estoppel
10 Dec 2016
School
Department
Course
Professor
Document Summary
Contract law is the law that provides legal support to some contracts particularly those made at a distance. What is a contract: definition: a contract is an agreement that is legally enforceable, rationale. People make promises all the time how do we make such promises credible. Promises involve agreeing to do something that will make you worse off and someone else better off. Most often we are concerned with bilateral promises though sometimes, in rare case, we are concerned with unilateral promises. Contract nomeclature: valid an enforceable contract, void an unenforceable contract, voidable a contract that can be void by one (or sometimes, both) of the parties. If a contract is voidable but a choice is made not to void it then it becomes valid and enforceable: unenforceable either party can decide not to go through with the contract. Express, implied and quasi contracts: express contracts are an explicit agreement between parties that there is a contract.
