Doctrines about what a contract says and who is bound by it: the parol evidence rule, caveat emptor, the mailbox rule on acceptance, privity of contract, good faith, letters of comfort, earnest money and the legal transaction of civil law, with contract law as a field. A doctrine belongs here when its cited article describes a rule on contract terms or parties. It excludes formation by consideration, frustration and unconscionability, which have their own groups.
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Contract Terms, Privity and Good Faith Doctrines
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Caveat Emptor (Wikipedia)
WikipediaHas Member: Caveat Emptor, Introduction, sentence 3Quote, Has Member: Caveat Emptor, Introduction, sentence 3
Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also apply to sales of other goods.
Contract (Wikipedia)
WikipediaHas Member: Contract Law, Introduction, sentence 1Quote, Has Member: Contract Law, Introduction, sentence 1
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties.
Privity of contract (Wikipedia)
Has Member: Doctrine of Privity, Introduction, sentence 1
The doctrine of privity of contract is a common law principle which provides that a contract cannot confer rights or impose obligations upon anyone who is not a party to that contract.
Has Member: Privity of contract, Introduction, sentence 1
The doctrine of privity of contract is a common law principle which provides that a contract cannot confer rights or impose obligations upon anyone who is not a party to that contract.
View the SourceEarnest payment (Wikipedia)
Has Member: Earnest payment, Introduction, sentence 1Quote, Has Member: Earnest payment, Introduction, sentence 1
An earnest payment or earnest money, also known as EMD is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction.
Wikipedia: Good faith (law)
Has Member: Good faith (law), Introduction, sentence 1Quote, Has Member: Good faith (law), Introduction, sentence 1
In contract law, the implied covenant of good faith and fair dealing is a general presumption that the parties to a contract will deal with each other honestly, fairly, and in good faith, so as to not destroy the right of the other party or parties to receive the benefits of the contract.
Legal transaction (Wikipedia)
Has Member: Legal transaction, Introduction, sentence 1Quote, Has Member: Legal transaction, Introduction, sentence 1
A legal transaction or transactional act (German: Rechtsgeschäft, literally ‘legal business’; Latin: negotium juridicum), under German jurisprudence, is the main type of lawful legal act (also known as an act-in-the-law, act at law, or juridical act) ‘by which legal subjects can change the legal positions of themselves or other persons intentionally’.
Letter of comfort (contract law) (Wikipedia)
Has Member: Letter of comfort (contract law), Introduction, sentence 1Quote, Has Member: Letter of comfort (contract law), Introduction, sentence 1
A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract.
Posting rule (Wikipedia)
Has Member: Mailbox Rule, Introduction, sentence 1Quote, Has Member: Mailbox Rule, Introduction, sentence 1
The posting rule (or mailbox rule in the United States, also known as the "postal rule" or "deposited acceptance rule") is an exception to the general rule of contract law in common law countries that acceptance of an offer takes place when communicated.
Parol Evidence Rule (Wikipedia)
WikipediaHas Member: Parol Evidence Rule, Introduction, sentence 1Quote, Has Member: Parol Evidence Rule, Introduction, sentence 1
The parol evidence rule is a rule in common law jurisdictions limiting the kinds of evidence parties to a contract dispute can introduce when trying to determine the specific terms of a contract and precluding parties who have reduced their agreement to a final written document from later introducing other evidence, such as the content of oral discussions from earlier in the negotiation process, as evidence of a different intent as to the terms of the contract.
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