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The House proposes a budget and the president signs it into law after the Senate revises it.
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Contract is a branch of private law. It thus concerns private obligations that arise in respect of symmetrical relations among natural and artificial persons rather than public obligations that arise in respect of hierarchical relations between persons and the state. Contract, at least in its orthodox expression, is distinctive for concerning chosen, or voluntary, obligations—that is, obligations constituted by the intentions of the contracting parties. This entry describes doctrinal and theoretical accounts of contract law with a special emphasis on the relationship between contract law and two near-neighbors—tort law and fiduciary law.
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