Simple contract


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SIMPLE CONTRACT. One, the evidence of which is merely oral, or in writing, not under seal, nor of record. 1 Chit. Contr. 1 1 Chit. Pl. 88; and vide 11 Mass. R. 30 11 East, R. 312; 4 Barn. & Ald. 588; Stark. Ev. 995; 2 Bl. Com. 472.
     2. As contracts of this nature are frequently entered into without thought or proper deliberation, the law requires that there be some good cause, consideration or motive, before they can be enforced in the courts. The party making the promise must have obtained some advantage, or the party to whom it is made must have sustained some injury or inconvenience in consequence of such promise; this rule has been established for the purpose of protecting weak and thoughtless persons from the consequences of rash, improvident, and inconsiderate engagements. See Nudum pactum. But it must be recollected this rule does not apply to promissory notes, bills of exchange or commercial papers. 3 M. & S. 352.

References in periodicals archive ?
Wales will come up against England in France, with Slovakia and Russia making up the rest of Group B, and Coleman revealed talks with the FAW will commence in the coming days - and he wants discussions to go more in-depth than simple contract negotiations.
From simple contract manufacturing in the early days, the Singapore precision engineering sector now provides integrated solutions from design to prototyping to production and even supply chain management.
The incidents of so-called "double dipping" included one letting agent charging a landlord PS670 for a simple contract extension, which only necessitated a change of date, while the tenant was charged PS90 for the same action.
"All SS systems can be used with a simple contract sign up process and the applications can be used as is or can be tailored quickly to address the intricacies of a particular industry or vertical," he notes.
The SC observed that the Dikshit government had " not acted reasonably and in accordance with the relevant rules by resorting to the process of nomination for the award of the contract in question for a period of 20 years." It also criticised the then city government's inability to award a simple contract efficiently and honestly by looking for all the eligible firms.
"There is no clause, it is just a simple contract. I don't think it's necessary in my case.
In contrast to the case of deterministic wealth, we now find the maximum customer value of [P.sub.0.sup.[PHI]] = 104.1 for a simple contract with a terminal bonus participation rate only.
A gift annuity is a simple contract that we prepare by which a donor contributes assets of $10,000 or more, usually cash or stock, in exchange for a specific dollar amount of income for life in the form of a regular annuity payment.
On top of all this, in Hollywood nothing moves fast and it could easily take nine months for a simple contract to be signed.
(47) First, 'like the term "rescission," the term "condition" has several distinct meanings and application.' (48) Second, the nature of the bond is relevant because 'it was here that equity first intervened.' (49) A bond, unlike a simple contract or exchange of promises, is an instrument under seal 'whereby the obligor is bound to the obligee.' (50)
Instead of the simple contract effort I'd been handed, I was now looking at a complex competition with a multi-award, indefinite-delivery, indefinite-quantity contract projected to go to several vendors.

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