LS283 Chapter 8: Non-Enforcement of Contracts

• School: University of Waterloo
• Department: Legal Studies
• Course: LS283
• Professor: Darren Charters

Document Summary

Legal doctrines that state there are exceptions to the general rule that a contract is enforceable once formed. Categorizes the doctrines on the basis of there being. Voidable contract: a contract, in certain circumstances, an aggrieved party can choose to keep in force or bring to an end. Void contract: a contract involving a defect so substantial that it is of no force or effect. The law focuses on enforcing contractual agreements to preserve integrity, reliability and predictability of contractual relationships. If otherwise, there will be an inability to predict with any certainty which agreements would be binding. The exceptional circumstances in which contracts are not enforced. Legal capacity: those with the ability to make binding contracts. Law assumes that individuals and properly constituted organizations have the legal capacity to form contracts. Concerns of ability to enter contracts for those under the age of majority.