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taxonomy
naming, describing, classifying things
obligations we impose upon ourselves
contracts
obligations that are imposed upon us
tort/delict
delict
wrongful act causing damage to someone’s family or property
tort
wrong that interferes with a person’s legally protected interests
elements you need for something to be a tort/delict
duty: requirement to do/refrain from something
breach of duty: duty wasn’t performed/partially performed
injury: person whose right corresponds to the breached duty is injured
causal link between the breach of the duty and the injury
causal meaning of a contract
unsigned document that if signed would memorialize a promise signed agreement exchanging promises
formal meaning
an enforceable promise
fiduciary duty
duty to act in the interest of the beneficiaries for acting in one’s own interest
when is a promise enforceable
lawful purpose
consideration
capacity
offer and acceptance
legally prescribed content
written
acceptance
agreement to the offer, exactly as the offer was made