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[PRELIMINARY] DRAFT 1 1 (1941)

handle is hein.ali/contract0001 and id is 1 raw text is: .C THE LAW OF CONTRACTS. CHAPTER 1. DEFINITIONS. SECTION 1. Contract. A contract is a promise or set of promises of which the law seeks to compel the performance or to punish, the non-performance. Cow icd: A contract may consist of a s )hiple promise by one person to another, or mutual promises by two persons to one another; or, there may be, in- deed, any number of peisons or any number of prom- ises. One person may make several promises to one person or to several persons, or several persons may join ini making a sin.'le promise to one or more per- Sols. The essential fact determining that only a sill- gle contract has been formed is that the promises shall all be a part of a single transaction. It has been pointed out that the word contract is often used to express indifferently: 1. The acts which create the legal relations be- tween the parties; 2. A writing which is itself such an act, or which is the evidence of such acts; 3. The legal relations resulting from the operative acts. I, - As here defined, contract is used with a slight modification of the first meaning, for not all the opera- tive acts which are essential to create the legal rela- tions between the parties are included. Consideration is necessary to make a simple contract, but the con- sideration of a unilateral contract is not part of the Corbin's edition of Anson on Contracts, page 13, note 2. Is See Treatise, § I.

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