RSM225H1 Lecture Notes - Lecture 10: Danforth Music Hall, Fiduciary, Fundamental Breach
Document Summary
Being a director of other company: competing? (if you"re are a decision maker, are you competing with the other company that you have relationship with, mostly competing) X creates all the problem for y (let him drunk), but doesn"t take care of him. Y: careless conduct for allowing himself getting drunk but doesn"t take care of himself. vs. : not such huge difference, not big enough maybe (has to be completely different, need more information to conclude whether huge difference) Both x and y will get out of the contract, frustration applies. One party tells the other party that they will breach the contract. Tell the party ahead of time that he will breach the contract: i"m going to fulfil the contract as stated. The same as breaching contract although tell them ahead of time. If you already had a contract and something happened later and affect the performance of the contract, then legal frustration is occurred.
