LAW 529 Lecture Notes - Lecture 4: Fiduciary, The Employer, Oral Contract
26 Nov 2017
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It has to satisfy the basic conditions of a contract: offer acceptance & consideration. It requires the essential contractual attributes of offer, acceptance & the exchange of consideration: every employment relationship with based on a contract, oral contract is as binding as a written. Unique features of the employment contract: the extent to which it is in writing. Common law principle of good faith: an employee must act in the best interests of the employer, this will not be in writing in the contract. It is an obligation that is implied: classic legal precedent the following words of. Lord esher, (m. r. ) in robb v. green, [1895] q. b. It exists at common law as well as in statute. Each director and officer in exercising his powers and discharging his duties shall . act honestly and in good faith with a view. Friday, january 27, 2017 to the best interests of the corporation .
