Philosophy 2080 Chapter Notes -Summary Judgment, Undue Influence, Canadian Pacific Air Lines
3 Feb 2014
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Contract: an agreement that is legally binding (and enforceable): don"t need a signature, can contain promises, based on mutual promises, must have a legal consequence. Formal contract: a written contract: have to be in writing in order to be enforceable, defined in the statue of frauds. Simple contract: a verbal contract: e. g. ordering something when you are out for lunch, e. g. take a cab, get on the bus. Terms of the contract: what the parties have to do. Breach of contract: when one party does not fulfill obligations: elements to prove existence of a contract: Note: a contract should be supported by consideration . Consideration moves from the promisee to the promisor. Promisee: the person suing to enforce the promise of the other (i. e. the promisor), i. e. Promisee: the person suing to enforce the promise of the other (i. e. the promisor), i. e. trying to prove that consideration moved from them to the promisor.
