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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.…

Documents Contracts Haagen Spring 2012 Outline

          Promise Definition: commitment made to the promisee to act or refrain from acting in a specified way (RS 2nd, 1) Express contract:…

Documents Chapter Five Legal system of economic behavior. Part One law system of 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…