LAW 122 Chapter Notes - Chapter 10: Meeting Of The Minds, Perjury, Transact
8 Apr 2015
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Is a false statement of an existing fact that causes recipient to enter into a contract: a statement of an existing fact , that is a false when made , may be actionable if it induced a contract . Rule: generally, contract will not be enforced. Incapacity to contract: there can be a problem with incapacity, capacity: legal power to give consent, there are groups with limited power to give consent. Examples: minors, mentally incapacitated persons, intoxicated persons, corporations, associations, indian bands and aboriginal persons, public authorities. Business corporations: chartered corporations are treated the same as individuals who have reached the age of majority, statutory corporations have limited contractual capacity. Associations: are usually unincorporated business organizations that lack contractual capacity. Indian bands and aboriginal persons: an indian band is a body of aboriginal people whose land and money are held by the crown.
