Contracts are a written promise to do something, or not to do something. The purpose of the contract is to ensure that both parties will perform the duties that they have promised to do, or to prevent something that was promised to prevent. Contracts are here to ensure that people follow through with their word when they promise to do something. With a contract, you can make a promise a legal obligation. I have personally come in contract with a couple of different contracts in my life, but not very many. When I was getting out on my own for the first time I decided to get a house with a roommate so that my rent could be a little easier to pay and I didn’t know much about renting yet. A girl that I worked with offered me to be a roommate with her because she had a two bedroom for 500/month. I would be paying half of that which was fair.
One month she didn’t have her half of rent so she borrowed $250 from me under the conditions that she signs a promissory note promising that she will pay me back with her next check. When her next check came she did not pay me back. In fact she never paid me back. I wanted to take her to court but I was young and did not even know who to talk to or how to go about doing anything. Now that I am older I know a few different things that I could have done, most importantly getting an attorney.
An attorney would have used the promissory note, or contract as evidence that she owed me 250 dollars. As a result, more than likely she would have to pay me back. I also could have taken the information to her landlord because she rented from someone else. I never signed a lease with her landlord or even met him, but I did sign a lease with her.
The contract in this situation would be the promissory note. The contract purpose would be to ensure that my roommate paid me back. The breech of the contract was when my roommate never paid me back. This contract