11/15/2011 5:06:00 PM CONSIDERATION – when is there a promise Bargain Theory of Consideration (two way commercial exchange) I. When Is a Promise Legally Enforceable? A.…
Promise Definition: commitment made to the promisee to act or refrain from acting in a specified way (RS 2nd, 1) Express contract:…
Slide 1 Chapter Five Legal system of economic behavior Slide 2 Part One law system of contract Slide 3 Concept and characteristics of the contract Contract is the legal concept…