LAW 201 Lecture 11: LAW201 Lecture 11 - March 28th, 2017
Document Summary
Introduction to contract law: the private law of obligations, contracts, torts, unjust enrichment. Have you entered a contract this week: a house lease, credit card agreement with the bank, student code of conduct, buying a coffee (or just buying anything is a contract of sale, bus/cab, formation of a contract. Currie v misa (1875): [consideration is] some right, interest, profit or benefit accruing to one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other . The peppercorn principle: you can make a binding hold (bargain, you can make a bargain in form (something in exchange for something else); can make unfair bargains. Bolton v madden (1873) l. r 9: [t]he adequacy of the consideration is for the parties to consider at the time of making the agreement, not for the court when it is sought to be enforced. : consideration.
