Law 2101 Lecture 8: Commercial Law.docx
6 Jan 2015
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Judge made because: tradition, practicalities, special contracts, human conduct is infinitely variable, and no codifier can foresee every problem that will arise, especially in the area covering so many different kinds of human interaction waddams, whereas the main area of contracts has been left to the judges, highly specialized areas of law have had specialized rules created for them, ex. Inclusive terms: i will sell my house (is not an offer) i will give you (is not an acceptance, proper offer: i will sell my house for , proper acceptance i will buy your house for , outward directed expression, an offer must be a form of communication that would lead a reasonable person to conclude that it was directed to them, sufficiently certain, it is a fundamental principle of contract formation that the offer which states the contractual terms must do so with sufficient definitiveness.
