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The Restatement (Second) of the Law of Contracts is a legal treatise from the second series of the Restatements of the Law, and seeks to inform judges and lawyers about general principles of contract common law. It is one of the best-recognized and frequently cited legal treatises [1] in all of American jurisprudence.
Agistment originally referred specifically to the proceeds of pasturage in the king's forests in England, but now means either: [2] the contract for taking in and feeding horses or cattle on pasture land, for the consideration of a periodic payment of money; the profit derived from such pasturing.
Horses were being chased to exhaustion by airplanes, poisoned at water holes, and removed with other inhumane practices. [21] Between 1950 and 1959, led by Velma Bronn Johnston—better known as "Wild Horse Annie,"—animal welfare and horse advocates lobbied for passage of a federal law to prevent the capture of wild horse by inhumane methods ...
RE Barnett, The Oxford Introductions to U.S. Law: Contracts (2010). MA Chirelstein, Concepts and Case Analysis in the Law of Contracts (6th edn 2010) EA Farnsworth, Contracts (2008) LL Fuller, MA Eisenberg and MP Gergen Basic Contract Law (9th edn 2013) CL Knapp, NM Crystal and HG Prince, Problems in Contract Law: Cases and Materials (7th edn ...
The promise must be real and unconditional. This doctrine rarely invalidates contracts; it is a fundamental doctrine in contract law that courts should try to enforce contracts whenever possible. Accordingly, courts will often read implied-in-fact or implied-in-law terms into the contract, placing duties on the promisor.
Contract law, for example, can be divided into two kinds of rules: default rules and mandatory rules. Whereas the default rules can be modified by agreement of the parties, mandatory rules will be enforced, even if the parties to a contract attempt to override or modify them. One of the most important debates in contract theory concerns the ...
A contract will be formed (assuming the other requirements for a legally binding contract are met) when the parties give objective manifestation of an intent to form the contract. Because offer and acceptance are necessarily intertwined, in California (US), offer and acceptance are analyzed together as subelements of a single element, known ...
The rules by which many contracts are governed are provided in specialized statutes that deal with particular subjects. Most countries , for example, have statutes which deal directly with sale of goods, lease transactions, and trade practices.