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Business Negotiations and Contracts: Difference between revisions
Business Negotiations and Contracts (edit)
Revision as of 15:42, 23 November 2013
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== Week 44 == | == Week 44 == | ||
=== Terminology / vocabulary === | |||
* '''covenant''' == an agreement w/a specific promise to do or not to do something | * '''covenant''' == an agreement w/a specific promise to do or not to do something | ||
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* '''statute''' == law/rule | * '''statute''' == law/rule | ||
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=== About contracts === | |||
In [[w:common law|common law]] legal systems, a '''[[w:contract|contract]]''' is an agreement having a lawful object entered into voluntarily by two or more [[w:party (law)|parties]], each of whom intends to create one or more legal obligations between them. | In [[w:common law|common law]] legal systems, a '''[[w:contract|contract]]''' is an agreement having a lawful object entered into voluntarily by two or more [[w:party (law)|parties]], each of whom intends to create one or more legal obligations between them. | ||
::The elements of a contract are "offer" and "acceptance" by "competent persons" having [[w:legal capacity|legal capacity]] who exchange '''[[w:consideration|consideration]]''' to create "mutuality of obligation." ( Wikipedia ) | ::The elements of a contract are "offer" and "acceptance" by "competent persons" having [[w:legal capacity|legal capacity]] who exchange '''[[w:consideration|consideration]]''' to create "mutuality of obligation." ( Wikipedia ) | ||
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An [[w:unenforceable|unenforceable]] contract or transaction is one that is valid, but which the court will not enforce. ( Wikipedia ) | An [[w:unenforceable|unenforceable]] contract or transaction is one that is valid, but which the court will not enforce. ( Wikipedia ) | ||
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[[w:UNIDROIT|UNIDROIT]] is the [[w:International Institute for the Unification of Private Law|International Institute for the Unification of Private Law]] | [[w:UNIDROIT|UNIDROIT]] is the [[w:International Institute for the Unification of Private Law|International Institute for the Unification of Private Law]] | ||
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== Week 46 == | |||
No content. | |||
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== Week 47 - self learning for assignments == | == Week 47 - self learning for assignments == | ||
No class. Assignements. | |||
=== Delivery terms === | === Delivery terms === | ||