ADMS 2610 Midterm: ELEMENTS OF LAW - Midterm Notes

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Along the way judges recognized that many situations favored the lords/employers and were unfair to weaker litigants who lacked the wherewithal to fight for their rights. They could not al(cid:449)a(cid:455)s (cid:396)el(cid:455) o(cid:374) p(cid:396)e(cid:272)ede(cid:374)ts to de(cid:272)ide (cid:272)ases a(cid:374)d tu(cid:396)(cid:374)ed to p(cid:396)i(cid:374)(cid:272)iples of (cid:858)fai(cid:396)(cid:374)ess(cid:859) o(cid:396) e(cid:395)uit(cid:455). This gave rise to counts of equity such as small claims court, where people can inexpensively represent themselves. The more times the same problems arose and were decided in similar ways, the more governments began to legislate established principles, put them in written forms that are known as statues or black-letter law. A contract is a legally enforceable agreement between 2 or more parties, people or companies that obliges each party to do or not to do something for their mutual benefit. And the parties must be (cid:858)(cid:272)o(cid:373)pete(cid:374)t to (cid:272)o(cid:374)t(cid:396)a(cid:272)t(cid:859) (cid:894)i(cid:374)(cid:272)ludes minors but not the mentally disabled) Invites multiple parties to make offers to form a contract, often expressing a willingness to negotiate.