BLAW 3201 Chapter Notes - Chapter 9: Quasi-Contract, Estoppel, United Nations Convention On Contracts For The International Sale Of Goods
Document Summary
Types of contract (few examples) see powerpoint slides for more. Courts provide a remedy for breach breach: the failure to perform contractual promises properly. A binding agreement for the breach of which the law gives a remedy or the performance of which the law in some way recognizes as a duty. The law generally recognizes contractual obligations whenever the parties clearly manifest an intent to be bound. Remedies provided for a breach of contract include, compensatory damages, equitable remedies, reliance damages, and restitution. Law allows a party to be excused from contractual duties where fraud, duress, undue influence, mistake, unconscionability, or impossibility is present. All contracts are promises, but not all promises are contracts. For a promise to be enforced, it must include all essential requirements of a legal, binding contract. Two principal types of contracts: business to business (commercial contracts, business to consumer (consumer contracts)
