Philosophy 2080 Lecture Notes - Legal Personality, Natural Person

• School: Western University
• Department: Philosophy
• Course: Philosophy 2080
• Professor: James Hildebrand

Document Summary

Only the people that can be bound in the contract are the only people that are involved in creating that contract. Consideration-the bargain part of the contract, element of reciprocity, subject value of the contract, benefit given of detriment suffered, have to prove that it moves from promisee (any person to who the promise is made) to promisor. Consideration cannot be something that you are legally obliged to do. Courts will not measure the adequacy of the consideration, but the sufficiency of the consideration. A promise not to sue is a thing of value. Seal-will bind a promise in the absence of consideration. A person promises to donate dalhousie university in the 1920s. The person fell into hard times financially due to the depression. This person wrote letters to the university saying he would not be able to fulfill the obligation. After the man died, the university sued this man"s estate.