- Video
When Are Promises Legally Enforceable? Contracts as Formal Promises
Are all promises legally enforceable? What difference is there between a moral obligation to honor a promise and a promise that is legally binding? Professor Richard Epstein of NYU School of Law gives the rough social distinction that is made, then discusses the components of legally enforceable transactions, including quid pro quo and one-sided arrangements between parties. https://youtube.com/watch?v=ZIS9CduR4oI