TimaeusBy Plato Written 360 B.C.E Translated by Benjamin Jowett Persons of the Dialogue-SOCRATES- CRITIAS- TIMAEUS- HERMOCRATES Socrates. One, two, three; but where, my dear Timaeus, is the fourth of those who were yesterday my guests and are to be my entertainers to-day? Timaeus. He...
Contract law stipulates that some agreements must be formalized and recorded in writing. This requirement is referred to as the statute of frauds. This statute exists since it is difficult to uphold certain kinds of oral contracts in a court of law. The statute of frauds determines under what...
"Black letter law" refers to any law which is strongly established, recognized by everyone in the legal sector in that law's jurisdiction, and rarely, if ever disputed.
In legal terms, a voidable contract refers to a type of contract which can be voided by one of the parties at any given time without repercussions for them.
A person, company, corporation, or entity can be held legally responsible for certain actions or situations. This kind of instance is most often found when contracts are involved. Parties who have entered into a contract or legally binding agreement are fully responsible for delivering goods or...
The MeditationsBy Marcus Aurelius Written 167 A.C.E.Translated by George Long Book One From my grandfather Verus I learned good morals and the government of my temper. From the reputation and remembrance of my father, modesty and a manly character. From my mother, piety and beneficence, and...
A quasi-contract is also referred to as an implied-in-law contract or implied contract, and is not a true contract in the legal sense of the word. A court order can issue the necessity for a quasi-contract in order to prevent a party from deriving gains that may ultimately be to the detriment of...
A contract is a legal agreement that is binding onto the parties who have agreed to an exchange. Such a legal agreement may be formalized into various forms, written or spoken. When contracts are agreed to merely by spoken word, such contracts are referred to as oral contracts.An oral contract...
Contracts exist to provide a formal, written agreement with regards to an exchange of promises made. Because of the complex nature of contracts and the sensitive matter it addresses, many laws have been created to address most of the problems or issues that arise from entering into a contract. One...
In regards to a contract or other legal relationship between two parties, a third party is considered one who isn't legally bound to the given contract through any legal obligations, but still has some interest in the contract's outcome, be it financial gains or another type of benefits.
