[MUSIC]Fromhereon,I'llmytalkbyhowlaweachstageinthelifeanddeathofadeal。WhichI'lldowithtotheoffivecasesin。I'llstartwithhowweknowwhenwe'vegota,moveontohowweknowwhat'sinthe,whichthelawcaresaboutandwhichitdoesnot,andthenwhatlegalofalookslike。Westartatthe,inthebasiccaseofabiwehavetwo,eachofwhomwantfromtheother。
Whoagreetoadeal?Intheview,whatwasforwasaoftheminds。So,thisisthecase,right?Joehasaleakypipeinhis,hecallsa。Thecomesoutandtofixitinfora$100。Joeandthelookoneintheeyeandshakehands,theirmindshavemet。Ataintime,theybothandeachothertoagreetothedeal。Infact,thisofthemindseveniftheparty'sareintime。
So,let's,fora,thatJoebidsforhiswork,viasome。ThisJoeat9AM,andsays,I'lldoitfor$100,letmeknow。Thethenwaitsbyhis,readyandtogettowork。Joehisemailat9:30,seestheoffer,and,it'sadeal。Theirmindshavestillmetthere。At9:30,thewasreadytogo。Joeknewhewasreadytogo,thehadmadetheofferandhadn'ttakenitback。
So,whenJoeat9:30,therewasaoftheminds。Infact,it'snicewhenit,ofthemindsisnot。So,nowlet'smakeabitmore,whichwewilldointheway,bydrunk。Soin1952inarural,A。H。wrotethistosellhisfarmtoan,W。O。Lucy,for$50,000。WhenLucytriedtothe,thatwhenhewrotethedealup,hewashighasapine,andthatinfact,theywerejustabunchoftwotoseewhocouldtalktheandsaythemost。
Well,whatnow?thatisthetruth,thathewasjustthewholetimethathewrotethatup。Ifthat'sthecase,thenthereisnorealofthemindswhenLucydidnot。Hewastono。Ifwe'reaboutasyoumightsay,look,youcan'tholdtothisthathedidn'twanttobeapartof。Andthat'swhatincourt。
Buthere'sthe。NoonetowriteandsignthistotellLucythathewasreadytosellthefarm。hastheofthisdealinsofarashehasdonethethatadoestothattheyagreeto。Thecourtsays,isoftoavalidbutthelawtoaantotheofhiswordsandacts。Whichistosay,aslongas's,himandthatdeal,isasthenititis。
areboundbytherulesofhuman,andthenyoudon'tmeanit,isnotawayof。Inlaw,thisinornotthetobeboundis。Ifyoudon'thaveit,youdon'thaveanin。Youcan,Ithinkcommon law,wherethisseems。Theareforalongtime,lotsofmoneyonandlegalfees,toworkoutadealthattheybothseemtowant,andthenonepartyquitswithno。
Inmanycivillawcommon law,wemightseeofbasedontheideathatoneoftheisatfaultfortheto,whichmeanseveninpre-,theoweeachothersomekindofduty。ButnotintheUS,asideveryrareand,evenontheofadealdoesnotaninintheUS。Inlaw,theofandisonbytheof。
Ifyouthinkaboutit,thewaywetalkaboutandlawissortofodd。in,wedon'ttalkabout,fullstop。,wetalkaboutto。Infact,dealswiththeformandthe。Thatis,weaskifthere'sanfirstandthenweaskwhattherewasanto。So,there'saofornotthetobeboundtoan,andthenasetofthatareabouttheofthedeal。
Andwetalkaboutthoseasof。ofbigdealitbearsononandon。IfweknowthatJackandJillhavetoajoint,wecan'tholdJackfortountilweknowwhatheto。Inlaw,wedon'thavemuchinthewayofaboutwhattheofabe。thecourtisonlyintheofthewillofthe。
tellsusornotthehavemadeadeal,theyhavethedeal,andwhattheforbe。So,I'mgoingtomakeaclaimthatmanyoftheinthisareaareveryeasy。Rulesabout,for,whentotohelpa,whenacourttermsthatarefroma,howacourtfix。Thethatdealwiththeseboildowntothetoaofwhatthemeanttodo。
Andifthat'snot,thenwhatthewouldhavedone,hadtheyaboutit。Thetoughcasesaregoingtobewherethetoeachhavehadviewsofwhatthemeant。Thatistheyweretotwodeals。Ifacourtcaresaboutandonly,thisputsthecourtin。So,let'stwocases。Incaseone,wehaveaforthesaleofbeingonboardtheship。
Only,hasapeerandit'salsonamed。So,whatdoesthecourtdo?Thecourtsays,ifthere'snowaytooneshiptotheotherandwhichshiptheison,thenthere'sno。Thetotwo,whichmeansthattheydidn'ttoadeal。herethatthecourttounder。So,thisisacaseinwhichisgoingtogettheofthehehewas。
thanletonepartybetoahedidn'tagreetoandhadtotothinkhewasto,thecourtnottoatall。300yearslater,weseethesamecomeupwhentwothattheyhadinmindwhentheymadetheirforthesaleof。Theofthattheyjustmeant。Thebuyerthatthattheymeantyoung,or,thanhens。
Thecourtsaid,,ifyouwanttouseawordinawaythat'tbetoyourparty,theonusisonyoutomakethatclear。Thisisn'tlike,itseemstobetruethatifthecourtisgoingtoholdthebuyerforahedidn'tagreeto,butitsays,youhadtoknow,thatyouweretokindofcameyourway。Oneoftheoflaw,asIsaid,istotorelyonthedealovertime。
Toaparty,who'smadebythatthedealwill。Weseethiscomeupintheofandtoo。Inordertomakedealswithone,weneedtobeabletouseaandeachpartyneedstobeabletotrustthattheotherisusinginaway。Andthecourtcanthenbeabitmoreaboutthe,giventhattheyhadantobeboundbutitthatnowthecourtistoget。[MUSIC]
