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This 3 page paper provides a brief overview of the history of contracts and contract law. The writer also explains the Uniform Commercial Code and why it was important. Bibliography lists 6 sources.
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3 pages (~225 words per page)
File: ME12_PG692165.doc
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been like a promissory oath that carried with it religious sanctions if it was violated. When the secular sector began to supercede the religious sector and the power of the
state came into play, the contract became a formal contract with sanctions from the state (Thorpe, 1999). Roman law identified several different types of contracts including performance for a certain
sum of money, transfer of property, hiring something (like renting), and services (Thorpe, 1999). Contracts have always been a matter of honor. People agreed to some sort of exchange. They
were successful because there was a means of enforcement even with the earliest contracts. First, violations meant strong sanctions from officials in religion, then, they were enforced by the state.
Contracts evolved over time to become more established in secular law. There were numerous periods related to contract law that had to do with British Kings who changed the
law as the society changed and the old laws no longer fit the conditions of life in the society. King Henry II, for instance, changed English law. Henry I had
established the kings court, which would evolve into common law (Thorpe, 1999). Different courts throughout the land handled contracts and other legal issues differently. Some of these courts did not
even recognize a contract (Thorpe, 1999). Anglo/American law was developed from the subsequent chancellors court. Much of contract law also evolved from mercantile transactions. Early on, the merchant class in
England had its own law that was international in scope. Ecclesiastical courts were still in operation and dealt primarily with debts (Thorpe, 1999). They had no standard procedures for enforcing
contracts until the juries were established. Later, some courts instituted a writ of subpoena, which gave them the power to enforce contracts, such as awarding damages for breach of contract
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