Law 2101 Lecture Notes - Lecture 13: Precedent, Waddams Township, Stephenson County, Illinois, Reasonable Person

• School: Western University
• Department: Law
• Course: Law 2101
• Professor: Mysty Sybil Clapton

Document Summary

Contract law has two functions: facilitates exchange. Contract law becomes important when performance of contract is complex: separates legal from moral. Separates contracts that will be enforced by law vs. those that will not be enforced by law e. g. small agreements/ promises do not have value in eyes of law. Differentiate from promises that we do not intend to be legally enforceable. Ati(cid:455)ah: (cid:862)no(cid:271)od(cid:455) (cid:272)a(cid:374) se(cid:396)iousl(cid:455) p(cid:396)opose that all promises should be enforceable; to abolish [the rules of contract formation], therefore is simply to require the courts to figure out what promises are e(cid:374)fo(cid:396)(cid:272)ea(cid:271)le(cid:863). Practicalities: (cid:862)hu(cid:373)a(cid:374) (cid:272)o(cid:374)du(cid:272)t is i(cid:374)fi(cid:374)itel(cid:455) (cid:448)a(cid:396)ia(cid:271)le, a(cid:374)d (cid:374)o (cid:272)odifie(cid:396) (cid:272)a(cid:374) fo(cid:396)esee e(cid:448)e(cid:396)(cid:455) p(cid:396)o(cid:271)le(cid:373) that will arise, especially in the area covering so (cid:373)a(cid:374)(cid:455) diffe(cid:396)e(cid:374)t ki(cid:374)ds of hu(cid:373)a(cid:374) i(cid:374)te(cid:396)a(cid:272)tio(cid:374). (cid:863) Whereas the main area of contracts has been left to the judges, highly specialized areas of law have had specialized rules created for them. Specialized rules of products fitting descriptions: 2.