Philosophy 2080 Study Guide - Final Guide: Potato Chip, Dalhousie University, Shingon Buddhism

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Contracts december 2007 exam summary: introduction to contracts. 4. legality courts will not enforce contracts dealing with illegal things (example: drug deal) Five types of contracts: bi-lateral v. uni-lateral bi-lateral: promise for a promise; i promise to give you ,000 if you promise to paint my house. If you don"t paint my house, and i have to get your cousin to paint my house and he charges me ,500 i can sue you for the difference. uni-lateral: i"ll give you ,000 if you paint my house . You don"t paint it, i don"t have to pay because you didn"t paint house and you didn"t promise to paint house. same force: written v. verbal (oral) Facts: plaintiffs asked defendant to state lowest offer that he would accept for building. Defendant stated the lowest price he would accept would be ,650 in cash. The plaintiffs placed an offer of ,650 to the defendant, which he accepted.