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Lecture notes

Contract law notes

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Introduction to Contracts









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Uploaded on
February 21, 2021
Number of pages
4
Written in
2019/2020
Type
Lecture notes
Professor(s)
Emmanuel voyiakis
Contains
All classes

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8.10.2019
“Tort” is Norman French for “wrong”.
 Cases on the reading list for the course must be learnt inside out – the nexus, and
resolution especially.
 Judges might disagree with one another – borderline cases are particularly
contentious.
 Kendrick, Contract Law 7th Edition.
The Diegest was the first attempt (by Emperor Justinian) to split private and public law –
achieved in Constantinople during the Roman revival.
 Northern Italian scholars revived old contract law – Roman Law is particularly
important on the continent, but still somewhat in England.
 Law of Obligations – Contract, Tort, and Unjust Enrichment (property law to an
extent).
 Contracts of employment (general rules of contract etc) are covered, no specific
contracts. EMPLOYMENT LAW IS A SPECIAL RULE OF LAW.
 Human rights law did not exist in Roman Law, but is now a modern presence.
 Contracts with more than two parties become quite complex.
Intermediaries do not affect a contract; it is merely between the two parties transacting (or
agreeing).
 Standard form contracts are commonplace.
 Take it or leave it contracts are non-negotiable – either you agree, or you don’t –
“adhesion” contract.
Why do we have contract law?
 Creates better welfare for all and maintains a free market – you are free to do as you
wish, and not be forced to anything.
 It also allocates risk very well – both parties bear some of it. Parties agree to
share/split risk as they see fit.
 For markets to work well, information has to be spread equally and fairly accessible –
by preventing unfair trading practices we ensure contracts are reasonable.
Moral justifications for legal enforcement of contracts:
 Why do we hold people accountable for their promises?
 Philosophers attempt to explain this – “you promised” (Kant – categorical
imperatives) – but the law doesn’t expect you to keep your promises.
 Only promises of which have things returned are enforceable – the idea of morally
being held accountable is null.
 “pacta sunt servanda” – you should keep your word (or rather, your promises).
 Reliance theory is just another version of the harm principle – what counts as
reliance? What counts as disappointment? It attempts to protect people from harm.
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