PVL 3702
University Of South Alabama
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PVL3702 CONTRACT LAW - STUDY NOTES.
- Other • 139 pages • 2022
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A contract is an agreement between two or more parties with the intention of creating enforceable
obligations. To constitute an enforceable contract, an agreement must be one which the law
recognizes as binding on the parties. → The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create
legally enforceable obligations (animus contrahendi). → The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforcea...
Other
PVL3702 CONTRACT LAW - STUDY NOTES.
Last document update:
ago
A contract is an agreement between two or more parties with the intention of creating enforceable obligations. To constitute an enforceable contract, an agreement must be one which the law recognizes as binding on the parties. → The extra ingredient that distinguishes contracts from non-binding agreements is a serious intention to create legally enforceable obligations (animus contrahendi). → The absence of an animus contrahendi explains why ‘gentlemen’s agreements’ are not enforcea...
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