Management and Organizational Studies 2275A/B Chapter Notes - Chapter 8-9: Uberrima Fides, Unconscionability, Rescission

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

If he fails to do so, liability will be imposed from the time the minor becomes of age (not important: all canadian jurisdictions except for bc, the common law governs the contractual capacity of minors. If the statement is made in the contract, it is a promise or a term of the contract; if untrue this is a breach of contract. By process of elimination, the misrepresentation is merely innocent. Damages: besides, entitling courts to rescind or set aside a contract, certain kinds of misrepresentations are torts, which provide for a remedy in damages. Illegal contract one that violates the statute of law or public policy. Chapter 9 termination and enforcement of contracts. Termination through performance: performance by others expressed in legal terms, such an employee/agent lacks privity of contract and therefore cannot sue or be sued on the contract, though there may be liability in tort.