What is the function of contract law

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What is the function of contract law? Contract law can ensure compliance with a promise or, when a contract is breached, entitle a non-breaching party to relief. Most contractual promises are kept be­cause it is in the mutual self-interest of the promisor and the promisee to keep them. Under what circumstances should the law enforce or not enforce a contract? Think about the contracts you have entered into since the start of the quarter. When should the promises be excused and the contract not enforced? Does it matter that someone can argue that it is the “right thing to do” and this regard, what are reasons for forcing a person to enter into a commitment and how does this affect the notion that we are exercising “Free Will”.

Reference no: EM132241575

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