contract law?
I need someone to explain to me contract law:
1.Mistake as to the possibility of performance
2. Mistake as to identity of a party
3. mistake as to subject matter
4. unilateral mistake
5. bilateral mistake
I need to be very detailed regarding these topics. I need to know
1.do all mistakes listed render the contract void and thereby unenforceable?
2. are there remedies to these mistakes?
thanks
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David K
January 13, 2011 2:59 pm
1. mistake as to the possibility of performance is either unilateral/bilateral mistake or fustration, impossibility, impractability.
2. Mistake as to the i.d. of the party can be either scribiner’s mistake or misrepresentation.
3. mistake as to subject matter is when the parties did not have the same idea as what the were contracting for.
4. the same as 3, when the parties for something that neither gets.
5. when one part does not get what they bargin for do to a misunderstanding.
This is all a lot more complex but you get it basic idea
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tclamartina
January 21, 2011 3:14 am
If you sent it, they can not charge you
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Walter
January 21, 2011 7:49 pm
How does contract law relate to economics and politics?
It is sometimes said that the twin aims of contract law are efficiency
and fairness. How do these twin aims relate to economics and politics?
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Victoria A
January 21, 2011 8:08 pm
Contract Law?
If you purchase a product from a company online and then you are automatically entered into a monthly subscription once the item is bought (charging to your bank account each month) UNLESS you email them stating you do not want to be enrolled… can the company charge you a subscription and get away with it, even if you sent the email (have it in your sent items as proof) yet they claim they did not receive it.
In terms of contract law, what are the implications? Thanks
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Discipulo legis, quis cogitat?
January 21, 2011 8:14 pm
Contract law reflects principle elements of economics. The Wealth of Nations underlines this as we find principle element of offer and acceptance. The Wealth of Nations describes how individuals engage in commerce for personal gain, and contract law states that a contract is formed only when their is a bargained for exchange of something of value.
Contract law developed so that disputes would have more predictable outcomes. This facilitates trade, especially among different communities that may have different local customs. Uniformity is key, which was one of the principle impetus for adoption of the Uniform Commercial Code.
The law is a form of regulation, and the Wealth of Nations devoted some time to the topic of tariffs. Tariffs are used to control commerce to a degree. This involves politics because our government will control certain products and services with greater restraint than others. It may be that our government seeks to protect or encourage the trade of a particular good or service. What to regulate and by how much is part of politics. At the same time, the law seeks to facilitate easy transactions in the more lazzie faire free market system (as Adam Smith promoted). So, there are opposing values of regulation (politics) and the free market. Regulation seeks to prevent market failure, but only so much as to promote efficiency and fairness. You will notice in the statutory construction that the formalities of contracts promote efficiency and fairness without being too restrictive as to specific terms. The intent of the statutes is to prevent circumstances that could lead to unfair outcomes contrary to free market principles.
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Stanley
January 21, 2011 8:45 pm
what is the distinction between Business Law and Contract Law ?
I want to know why somebody should study the law of business and the distinction between the law of contract and law of business.
Why should people study business law and Ethics?
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Jeanne
January 21, 2011 9:21 pm
What is the age of minors to contract in common law presently?
like in the UK etc. is it 18 and 21? a few years back when i was studying contract law, i was taught the age to be 21. then i just read some stuff and it says its 18, due to some amendments in certain acts. so which is the correct age for common law system?
January 12, 2011
12:43 pm
contract law?
I need someone to explain to me contract law:
1.Mistake as to the possibility of performance
2. Mistake as to identity of a party
3. mistake as to subject matter
4. unilateral mistake
5. bilateral mistake
I need to be very detailed regarding these topics. I need to know
1.do all mistakes listed render the contract void and thereby unenforceable?
2. are there remedies to these mistakes?
thanks
January 13, 2011
2:59 pm
1. mistake as to the possibility of performance is either unilateral/bilateral mistake or fustration, impossibility, impractability.
2. Mistake as to the i.d. of the party can be either scribiner’s mistake or misrepresentation.
3. mistake as to subject matter is when the parties did not have the same idea as what the were contracting for.
4. the same as 3, when the parties for something that neither gets.
5. when one part does not get what they bargin for do to a misunderstanding.
This is all a lot more complex but you get it basic idea
January 21, 2011
3:14 am
If you sent it, they can not charge you
January 21, 2011
7:49 pm
How does contract law relate to economics and politics?
It is sometimes said that the twin aims of contract law are efficiency
and fairness. How do these twin aims relate to economics and politics?
January 21, 2011
8:08 pm
Contract Law?
If you purchase a product from a company online and then you are automatically entered into a monthly subscription once the item is bought (charging to your bank account each month) UNLESS you email them stating you do not want to be enrolled… can the company charge you a subscription and get away with it, even if you sent the email (have it in your sent items as proof) yet they claim they did not receive it.
In terms of contract law, what are the implications? Thanks
January 21, 2011
8:14 pm
Contract law reflects principle elements of economics. The Wealth of Nations underlines this as we find principle element of offer and acceptance. The Wealth of Nations describes how individuals engage in commerce for personal gain, and contract law states that a contract is formed only when their is a bargained for exchange of something of value.
Contract law developed so that disputes would have more predictable outcomes. This facilitates trade, especially among different communities that may have different local customs. Uniformity is key, which was one of the principle impetus for adoption of the Uniform Commercial Code.
The law is a form of regulation, and the Wealth of Nations devoted some time to the topic of tariffs. Tariffs are used to control commerce to a degree. This involves politics because our government will control certain products and services with greater restraint than others. It may be that our government seeks to protect or encourage the trade of a particular good or service. What to regulate and by how much is part of politics. At the same time, the law seeks to facilitate easy transactions in the more lazzie faire free market system (as Adam Smith promoted). So, there are opposing values of regulation (politics) and the free market. Regulation seeks to prevent market failure, but only so much as to promote efficiency and fairness. You will notice in the statutory construction that the formalities of contracts promote efficiency and fairness without being too restrictive as to specific terms. The intent of the statutes is to prevent circumstances that could lead to unfair outcomes contrary to free market principles.
January 21, 2011
8:45 pm
what is the distinction between Business Law and Contract Law ?
I want to know why somebody should study the law of business and the distinction between the law of contract and law of business.
Why should people study business law and Ethics?
January 21, 2011
9:21 pm
What is the age of minors to contract in common law presently?
like in the UK etc. is it 18 and 21? a few years back when i was studying contract law, i was taught the age to be 21. then i just read some stuff and it says its 18, due to some amendments in certain acts. so which is the correct age for common law system?