POL 319 Lecture Notes - Lecture 2: Plain Meaning Rule, Quasi-Contract, Reasonable Time
15 Oct 2017
School
Department
Course
Professor
Document Summary
Contract law is designed to provide stability and predictability in the marketplace. It means that the agreement shall be kept. What the party said when entering into the contract. How the party appeared or acted (to show intent) and. An agreement must include an offer and acceptance. One party offers and the other party agrees. Any promises made must be supported by legally sufficient and bargained for consideration. (something of value such as money to convince someone to make the deal) The purpose of agreement is perform something in compliance with the law: defenses to the enforceability of a contract, voluntary consent. The contract was entered into without fraud, duress, mistake: form. Example, promise to buy camera for on friday: unilateral contracts. Drive to la, mow the lawn, lottery contest (ethics can allow language to change rules but parties must be aware).
