Management and Organizational Studies 2275A/B Lecture Notes - Lecture 4: Paintball, Undue Influence, Unconscionability

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Voidable contract exist but may be avoided at the option of one of the parties. Valid but unenforceable contract exist but cannot be enforced: need to be in writing to be enforced by the courts, e. g. Statue of frauds: e. g. contract is formed verbally for the purchase of land and before you purchase it, you back out. This is allowed because the contract is unenforceable. If you back out after the purchase is complete, this is not allowed because the contract is valid. Purpose must be legal if not its void/not allowed. Cannot be contrary to public policy: one judge may think its contrary to public policy and another may not this is what makes it so complicated. Varies judge to judge: courts will regard enforceable if reasonable. Age: varies by province, contracts cannot be enforced against a minor (in ontario age 17 and below, exceptions.