COMM231 Chapter Notes - Chapter 6: Standard Form Contract, Estoppel, Cash Register

• School: University of Waterloo
• Department: Commerce
• Course: COMM231
• Professor: Joseph Radocchia

Document Summary

Read through and understand it all (except promissory estoppel) It may be that supplier, e. g. , doesn"t have the goods any more: today, most of contracts you and i enter into are standard form". It is important you understand this: the time before a contract is formed (when there is an ofer on the table and maybe counter-ofers), can be confusing. Make sure you understand what options are and why they are important in business: acceptance may also be complicated but in most cases it is reasonable clear. Make sure you know that you understand pre-existing duties (glibert steel). But that we now have the greater federation. Airport case so as long as there is no blackmail". With partial payment today mostly the promise to accept it is binding because of legislation: intention: make sure you understand the marginal notes. Basically, for the most part it isn"t an issue (it is presumed, families and close friends excepted)