BU231 Lecture Notes - Lecture 16: Personal Development, Real Estate Broker, Identity Fraud
Document Summary
Oral contracts are still okay, but not always. Most breach of contract lawsuits are about the fact that one party has done some or most of their requirement and the other party does not see this as enough. Proving and being persuasive about a contract"s meaning will determine what you get. When writing is required: statute of frauds, consumer protection act. Interpreting what is written: parol evidence rule. Adding terms to what is written: sale of goods. General rule: oral contracts are legal, but proof of terms is usually the problem: yes, but . Exception: government has decided that some types of contracts need to be in writing: legislation (gov. rather than law) In ontario, there are 2 pieces of legislation: statute of frauds, consumer protection act of 2002. Executor is person in your will who looks after your belongings. Many think it"s crass to check bank account before burial because that costs money.
