Management and Organizational Studies 2275A/B Chapter Notes - Chapter 10: Parol Evidence Rule, Perjury, Microsoft Onenote
22 May 2016
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Chapter 10: the requirements of form, writing and. Power of attorney: a legal document usually signed under seal in which a person appoints another to act as their attorney to carry out the contractual or legal acts speci ed in the document. Often used to empower a person to deal with the land of another. An act passed in england and passed to canada as a colony. Designed to prevent perjury and fraud with respect to leases and agreements concerning land. The following can"t be brought into court unless in writing and signed by the charged party. Promise to settle a place out of a personal estate. Guarantee: a collateral promise (in writing) to answer for the debt of another if the debtor should default payment. Must involve a principal debtor, creditor and third party (guarantor) If the guarantor pays the obligation they can demand an assignment of the debt back to the original debtor to make payment for reimbursement.
