Law Article Example | Topics and Well Written Essays - 1000 words

Law - Article Example â€Å"When at the desire of the promisor, the promise or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or abstain from doing something, such an act or abstinence or promise is called a consideration for the promise.† Social agreements are the agreements which are just promises between two or more persons or parties, but do not enjoy the status of contract. For example one person invites another at his office to have dinner with him, but if he fails to host dinner, no legal remedy can be demanded, as it is social agreement in nature. Such promises do not bind the parties, to fulfil the promise, thus no legal rights between the parties are created, as in the case of Balfour and Balfour (1919) 2 KB 571: â€Å"When a husband failed to pay a promised allowance, the wife sued. The court announced the judgement in these words: "There are agreements between parties which do not result in contracts within the meaning of that term in our law. The ordinary example is where two parties agree to take a walk together (or) arrangements which are made between husband and wife. They are not contracts because the parties did not intend that they should be attended by legal consequences. Each house is a domain into which the Kings writ does not seek to run.† (Quoted in Duhaimes Canadian Contract Law Centre, p 2). On the other hand, there are some contracts, which are legal in nature, and the parties are bound to execute the promise and agreements. In case of not complying with which, legal rights and obligations are created, as in the case of Telaviv and Yusuf. In the case above described, Telaviv and Yusuf are the plaintiff and the defendant respectively. Since the offer made by Yusuf through advertisement, was mere a general offer, and not made to one specific person. An offerer is the person who makes an offer, and the offeree is the person who