BUS 393 Lecture Notes - Lecture 11: Wrongful Dismissal, Non-Disclosure Agreement, Unconscionability

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 393
• Professor: Robin Elliott

Document Summary

Consideration- promises made in a contract everything has to get something on both ends of a deal promisory aur stopl. Capacity- some are voidable (starts out as valid, a minor/disability has an option of making it void) Duress- (cc. actual force, threat, violence, efect is to avoide a contract) Privity (cc. exception to this rule, is that a contract can be assigned to a third party, obligation cannot be assigned) Agreement- (cc. we have an agreement, how do we get out of it, expectancies) Equitable remedies - (cc. bars to equity relief, clean hands doctrine, laches) Agent and principal (cc. agency relates to contractual relationships) Corporations (cc. a person separate from its owners, we expect shareholders to not be responsible of the operation) Raising funds (cc. debt inance vs. equity inance) Lesser interests in land (cc. running with the land, easement) Important, more concerned as a security for the loan)