BUSI 2601 Lecture : Nov 6.docx

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Mike harris granted cabinet power to close government bodies. First one to go is pension, next is health benefits. If you work 35 years, you get 70% of the best 5 years of salaries. If you work 30 years, at 55, that equals 85. So at 55 you can retire with 60% of your best salary over your career. When we say contract law, we talk about an agreement between parties regarding the execution of promises where there is mutual consideration and is enforceable before the courts. The idea is that a contract is between different types of persons. The idea is that both sides commit to a promise that is enforceable in law. The contract can oblige them to do this. The first one is communication (the relationship in which we inform the parties of the obligations) and how to we make sure the parties understand the relationship.

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