Brief Introduction to Contract Law
If you think of the law as a mechanism regulating behaviours of the society and its members, you can think of contracts, or Ks, as “mini-laws” whose functions are similar to actual laws, but whose scope is limited to contracting parties. A contract is a set of rules mutually agreed upon by two parties, and that regulates the relationship/behaviours between the parties on specific subject matters. Technically, actual laws are also supposed to follow this definition, where the “contract” is created between the society at large and each of its…read more