Philosophy 2080 Lecture Notes - Lecture 2: Parol Evidence Rule, Puffery, W. M. Keck Observatory
10 Mar 2016
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Document Summary
Contract law- november 4th, binding agreement that is legally enforceable by the courts. Courts will either force you to do the action or pay damages. If not legally enforceable it fails as a contract. Parties- anyone who is involved in the contract. Tort law- obligations that arrive, judgment imposed on your activity. Did something wrong and now you have to pay. Contracts exchanging land, contract that can"t be performed in less than one. Statutes recognize this imbalance- i. e. imposes minimum wage: legality- it has to be an agreement- the nature of the agreement and the subject matter. If it is in economic best interest to breach and then they will just pay damages. Breach and pay vs. do what you promised: moral connection to which one you choose. Immoral when you try to breach: judges frown upon efficient breach shows that there is a moral component to contracts. We know when we make a promise it is binding.
