Management and Organizational Studies 2275A/B Study Guide - Midterm Guide: Harvard Business Review, Figure Skating Club, Alternative Dispute Resolution

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Desmond Mc Keon

Document Summary

Ref: 101: why are contractual relationships usually preferable over casual forms of business arrangements? a. They solidly prove the parties" relationship is voluntary. They readily provide the means for legal enforceability. Ref: 103: what is a valid reason for a court to accept that there is a legally binding contract governing the actions of the parties named to it? a. Under contract law, each party must get what it bargained for. The parties are permitted to rely on the terms they negotiated. Only the parties to a contract can sue or be sued on it. The contract clearly contains an offer and acceptance of that offer. Juha agreed to hire zen home builders ltd. (zen) to construct his new home. Juha, zen, and their lawyers met to review and sign a contract that provided for specific types of environmentally safe construction materials to be used. In many instances, zen failed to use the stipulated green construction materials.