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3 Cards in this Set

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What is a contract?

An agreement between at least two parties.


In a contract you have an agreement to exchange of goods or services.


Examples: >When you go to buy a coca cola and you give money in exchange for the coca cola


>you work and in exchange you receive an income

There are at least two parties involved in the exchange

Contracts are relationships, which have built in logics for dissolution... What does the social contract have ?

Social Contract has built in logic of justice... It's based on both parties fulfilling their responsibilities.


It is truly a radical, revolutionary idea.

Intriguing thing about contracts is that if one party doesn't live up to their part of the bargain, then the exchange doesn't take place hence the contract becomes void.

When is the social contract established ?

17th century

A very long time ago #age at which you can drive