Business Negotiations and Contracts: Difference between revisions

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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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== Week 46 ==


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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 ===