Agreement Or Promise Meaning

3. The person to whom the event is addressed is the beneficiary of the promise. We start by thinking about what it means to make a promise. Let us just forget the law for a moment and think about what ordinary people mean when they talk about a promise. Suppose your teacher tells you, on the first day of class, “I promise you you will benefit from contracts this semester.” Think about how we should understand this “promise.” Does the fact that the statement is oral and unwritten make a difference? Is there anything about the circumstances in which this statement is made that undermines your confidence in the teacher`s intention that this “promise” be binding? [5] W. O. Lucy, a lumberjack and farmer, testified in the substance: he has known Zehmer for fifteen or twenty years and has known the Ferguson farm for ten years. Seven or eight years ago, he offered Zehmer $20,000 for the court Zehmer had accepted, but the agreement was verbal and Zehmer withdrew. On the night of December 20, 1952, at approximately eight o`clock, he took an employee to McKenney, where Zehmer ran a restaurant, gas station and gas station. It was there that he decided to see Zehmer and try again to buy the Ferguson farm. He entered the restaurant and spoke to Mrs.

Zehmer until Zehmer entered. He asked Zehmer if he had sold the Ferguson farm. Zehmer replied that he had not said so. Lucy said, “I bet you wouldn`t take $50, 000 for this place.” Zehmer replied, “Yes, I would too; They wouldn`t give fifty.¬†Lucy said he would and told Zehmer to write an agreement on it. Zehmer took a check-up and wrote on the back: “I agree to sell the Ferguson farm to W. O. Lucy for $50,000.” Lucy told him that he had better change it into “us” because Mrs. Zehmer should sign it. Zehmer then tore what he had written, wrote the arrangement above and asked Ms.

Zehmer, who was at the other end of the counter ten or twelve yards away from signing it. Ms. Zehmer said she had $50,000 and signed it. Zehmer brought it back and gave it to Lucy, who offered him $5, which Zehmer refused, and said, “You don`t need to give me money, you signed the deal there by the two of us.” A treaty in its most basic definition is nothing more than a legally enforceable promise. Read the following sections of the Restatement (second) now and think about how the legal use of the term “promise” relates to our understanding of common sense.

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