Philosophy 2080 Study Guide - English Contract Law, Estoppel, Equitable Remedy

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Every right you have is granted by law. Is no law unless it is written by a recognized body positivism. Contract notes: the law of contacts is concerned with expectations induced by the conduct of others, promises are a fundamental idea in contract. A promise is an undertaking as to the future of conduct of the party promising, the promise, with respect to the part to whom the promise is given, the promisee. The former agrees to the act, or refraining from an act, to the advantage or for the benefit of the latter. It must be an act that leads the offeree reasonably to believe that a power to create a contract is conferred upon him. In order to be legally operative and to create a power of acceptance, it is necessary that the offer shall contain all the terms of the contract to be made.