Author: nickvooi

“To constitute a valid contract there must be separate and definite parties thereto; those parties must be in agreement, that is there must be a consensus ad idem; those parties must intend to create legal relations in the sense that the promises of each side are to be enforceable simply because they are contractual promises … Continue reading Quote of the day →

"… a party to a contract who, after having concluded his bargain, entertains doubts as to the wisdom of the transaction may be in the unfairly advantageous position to invent all sorts of imaginary terms upon which disagreement may be expressed when the more formal document is being prepared in order to escape from his … Continue reading Quote of the day →

"The law of contract is concerned with the mechanics involved in and the principles regulating the formation, performance, continuance and discharge of the parties individually created obligations. The essential elements of any contract are:

"Let the punishment match the offence." Cicero

"Those who wish to appear wise among fools, among the wise seem foolish." Marcus Fabius Quintilianus

"You are young, my son, and as the years go by, time will change and even reverse many of your present opinions. Refrain therefore awhile from setting yourself up as a judge of the highest matters." Plato

"Time is a great legalizer, even in the field of morals." H. L. Mencken

"Bestow rewards without respect to customary practice; publish orders without respect to precedent. Thus you may employ the entire army as you would one man." Sun Tzu

"When a doctor does go wrong he is the first of criminals. He has nerve and he has knowledge." Arthur Conan Doyle

"Advice is seldom welcome; and those who want it the most always like it the least."Philip Dormer Stanhope, Earl of Chesterfield