BU231 Chapter Notes - Chapter 8: Natural Person, Precontract, Indian Act
Document Summary
The meaning of capacity to contract: legal capacity: competence to bind oneself legally, repudiate: reject or declare an intention not to be bound by. Two types: an interest of a permanent, continuous nature, e. g. Cell phone contract: does not create an interest of a continuous nature and is not binding unless it is. Corporations: can enter into any contract or obligation that a natural person can, void: never formed in the law. 10/20/16: representative action: an action brought by one or more persons on behalf of a group having the same interest. Aboriginal peoples: aboriginal people: canadian indian, inuit, and metis peoples, under the indian act, land is designated for these peoples but is held and owned by the. The role of legality in the formation of a contract: the object of purpose in a contract must be legal, unenforceable: no court assistance or remedy is available to parties of the contract.
