BU231 Lecture Notes - Cash Register, Estoppel
Document Summary
Can create new laws if you put them in a contract that says you will do them, they become a mini set of private laws. If you are not in the contract, they don"t apply to you. Creating new obligations that society is not imposing by itself. Voluntary set of rules that parties promise to follow. Not all promises are legally enforceable, but a contract is legally enforceable: promises are one-sided, therefore, contracts are often low on ethics, contract law requires me to get something out of it. Formation about how to change a promise to a legally enforceable contract. If they don"t follow them, they may be forced to follow them by the contracts. Elements of the breach of contract cause of action. Must prove that there is a contract. The contract contains a term or clause that requires the other party to fulfill (perform) an obligation: they promised to do this.
