Law 2101 Chapter Notes - Chapter Contract Law: Specific Performance, Employee Benefits, Filder
Document Summary
Contract law: concerned with expectations induced by the conduct of others: expectations include promise and agreements also actions and statements that lead one to expect a promise. Every system of contract law must have a system of enforceability: anglo-ca(cid:374)adia(cid:374) la(cid:449)(cid:859)s (cid:272)(cid:396)ite(cid:396)ia i(cid:374)(cid:272)ludes, bargain, agreed exchange, contact law involves continuous tension between stability, certainty and predictability as well as fairness, equity and justice. To be operative and create a power of acceptance, it is necessary that the offer shall contain all the terms of the contact to be made. It is not enough for the person to agree, but they must outline what they will do it for the exchange promise. Pharmaceutical society of great britain vs boots cash chemists. Livingstone v evans: plaintiff wrote accepting the offer. If the defendent rejected the offer then it was ended but if they renewed the original offer it gives the plaintiff the right ot bind the defendants to it.
