LAWS 3003 Lecture Notes - Lecture 8: Horizon Travel, Collateral Contract, Parol Evidence Rule
Document Summary
Yes, the beneficiary is not a party to the creation of the trust. Insurance: life insurance, car insurance, the purpose of the insurance is to deal with a situation where other property is harmed, the contract is between the insurance company and the insured person. One party says to the other i will not be liable if x happens (exclusion clause definition): employee who is needed by the employer to perform the work, the courts find that the waiver is accepted. However, in subsequent scc cases: in the case on london drug: the court said that if the employer is covered then the employees should be covered. The employee is found to be a beneficiary in the scc: restrictive covenants on land, various plots of lands are mapped out. Cannot sell land to certain ethnic groups however they are struck down: ex. Of restrictive covenants the lands should be for commercial purposes only.