Lectures on Commercial Law and the Law of Negotiable Instruments: 1912-1913 (Classic Reprint)

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Fb&c Limited, Sep 17, 2017 - Business & Economics - 532 pages
Excerpt from Lectures on Commercial Law and the Law of Negotiable Instruments: 1912-1913

2. Definition OF contracts - What is a contract? Simply a promise or set of promises which the law enforces as binding. Any promise, if it is binding, is a contract or part of a contract. So the law of contracts in their formation resolves itself into this: What promises are binding? A man may make all sorts of promises, but when has he a right.

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