Management and Organizational Studies 2275A/B Lecture Notes - Quantum Meruit, Post Box

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Cristin Keller

Document Summary

Contract law is just another area of law with its own set of legal principles. What happened with these contracts and what are you going to do about it. There"s going to be a plaintiff balance of probability. A contract is a voluntary exchange of promises, creating obligations which, if defaulted on, can be enforced and remedied by the courts. Primary concern of the courts is to enforce the reasonable expectations of the parties. You can"t legally enforce a one sided promise (gift) if there is not a promise in return (both people have to get something) In the present past consideration is no consideration (if two people agree one person agrees to build a shed for and the other agrees to pay , a contract is made. If the person building it goes to the other person and says the price of lumber has gone up and asks for .