Contract Law: From Trust to Promise to Contract (HLS2X) | Unit 1: Four Principles | Introduction
August 2, 2020
Contract Law: From Trust to Promise to Contract (HLS2X)
Unit 1 | Four Principles | Introduction
Instructor Charles Fried, Beneficial Professor of Law:
My re-written lecture notes for Unit 1, Four Principles – Introduction hyperlink: https://1drv.ms/b/s!Ar6iJPTO61dwxDNOXwyzBtcAP8nG
So, here we are in our online lecture finally arriving at contracts. What we have learned thus far are contracts are legally enforceable agreements between two (2) or more parties from a coordinated trade exchange activities with an intrinsic values measurement by ways of a unit types such as, money currencies through cooperation which leads to our trusts, promises, and commitments with one (1) another in real-time. In which, our government will stand behind our contracts coordinated enforceable agreements and, through our coordinated enforceable agreements, our government will bring about us to act in a trustworthy way with one (1) another. And, our promises are commitments acting together; in order to make sure our trusts are believable towards all progress, we have made together in reliability from a coordinated trade exchange activities in which, we will sometimes causes ourselves to take risks, compromises and sacrifices in some of our coordinated contracts agreements. Therefore, we will all together make progress in our real-time buying and selling products and services with an intrinsic values measurement by ways of a unit types through contracts.
In any promises and commitments must be trusts. And, trusts are engendered[1] into other cooperation along with promises, commitments and, trusts are certainly engendered in our coordinated trade exchange activity by ways of any person affections, family relationships or habits. However, promises and commitments, as we have learned in our previous online lecture in regard to the restaurant owners’ establishment serving one (1) or more person[s] who[m] sat down at their restaurant establishment owners’ table. In order for the restaurant establishment owners’ waiter to serve him, her or them a meal at their seated table and, the restaurant establishment owners can be sure s[he] or they will paid for his, her or their meal[s] is [are] a way of utilizing trusts between one (1) another. Which builds our relationship between two (2) or more parties who[m], we do not know and, we are considered complete strangers to one (1) another, as shown in our picture image below.
Photo by Louis
Hansel @shotsoflouis on Unsplash
On the other hand, not every cooperation
which leads to our trusts, promises, and commitments should lead to our contracts coordinated enforceable agreements. This week, we will look at
four (4) situations in which, a certain promise might not be, or not
lead to the kind of coordinated contract enforceable agreements that the government will stand behind. And, Professor
Fried will give us those four (4) principles behind those easy cases then he will
move us on into some more complicated ones.
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