Management and Organizational Studies 2275A/B Chapter Notes - Chapter 9,10: Not Fair, Parol Evidence Rule, Ultra Vires
Document Summary
The law of contract, capacity, legality, writing- chapters 9 & 10. Infant- a person who has not reached the age of majority: minor or infant in common law is a person under the age of 21 but in most provinces in. Labour unions: an organization with powers that vary considerably from province to province, some capacity to contract, very specific- collective agreements. Bankrupt persons: a person who has declared bankrupt has a limited capacity to contract, until receiving discharge, they can"t enter into any contract except for necessities, stuff required for ordinary living, can"t contract things over . The requirement of legality: agreements that offend the public good are not enforceable. Legality at common law: public policy: public policy- the unwillingness of the courts to enforce rights that are contrary to the general interests of the public, contracts that obstruct justice, injure the public service, injure the state.