I) Ch. 1 Notes
a) Law is a set of general abstract and compulsory social rules established by public
authority and sanctioned by force. These rules are called legal rules, and their
mission is to regulate the conduct of persons in a given
a) Legal rules are of two types. A rule can tell us whether someone has a right
against another person at all in a given situation.
a.i) This is a substantive Rule.
b) Once a person has a substantive right or claim that the law recog
a) A contract is an agreement by two or more persons whereby obligations are
created, modified, or extinguished.
b) Common Law: A contract is a promise or a set of promises for the breach of
which the law gives a remedy or the performance of
1. How do you create a trust? What words are needed? Can it be created orally or does it
have to be created in writing? As the recipient of a gift, (see Lux, Casebook, pp. 557-8) you
prefer receiving legal title (including equitable title)