Should we get rid of pseudo contract theoriesconsider...

Should we get rid of pseudo contract theories? Consider promissory estoppel and quasi-contracts. Do you like the fact that these doctrines exist? Should courts have "wiggle room" to enforce deals that fail to meet formal contract requirements? Or should the rule be, "If it's not an actual contract, too bad. No deal." Should we stick to JUST UCC or Common Law for contracts but not both? Is it sensible to have two different sets of contract rules - one for sales of goods and another for everything else? Would it be better to have a single set of rules for all contracts? Why do you think we have two sets of rules in the first place?

Transcript

00:01 Should we get rid of pseudocontract theories? so a pseudo -contract is going to be a one -sided contract.

00:23 So there's no consideration of the terms or consumer understanding.

00:50 So this makes these legally dubious.

01:08 So i think that pseudo -contracts are unfair to the consumer.

01:19 So therefore we should get rid of them because contracts should be considered cooperative.

01:27 We can't only approach a contract from one side and not consider what the consumer may say about the contract.

01:39 So we have in the next part, something called promise story estoppel and also quasi -contracts.

02:03 The fact that these exist.

02:05 So, promiserie estabelle basically states that if something is promised to somebody and taking back the promise will result in economic loss, then you can't take back this promise.

02:24 So, for example, if someone promises you a raise or your employer promises you a raise, he or she cannot take this back later.

02:43 In the quasi -contract, this is an obligation of one party to another imposed by the law, and it occurs between two parties with no previous obligation.

03:03 So let's go over an example of when something like this would apply.

03:14 So an example would be if you had delivered perishables to the wrong address, but the person at that address will accept those perishables because it's not possible to deliver it to the right.

03:25 I address at this point or else they will spoil.

03:29 So i think that these are beneficial for the consumer because the promise of a pay raise cannot be taken back, for example, and also the quasi -contract ensures that the food doesn't go to waste...

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