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Business Torts - ← Bilateral contract – I make an offer...

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Business Torts 30/10/2006 10:08:00 Interference with contracts – like adultery…. it applies to personal relationships  as well, not just business.   Interference with a business relationship – soliciting customers outside of a  competitor’s store or sabotage. Misappropriation of Trade Secrets: You work for an employer, and they tell you  everything about the business.  The trade secrets, their vulnerabilities as well as their  strengths.  You sign something that says u won’t reveal trade secrets.   Uniform Commercial Code – applies to sale of goods, everything that is  moveable and tangible Contract Law consist of UCC and common law. Unilateral contract- u are asking someone to perform something and when they  do, they’ve accepted the contract.
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Unformatted text preview: ← Bilateral contract – I make an offer, and to accept you must promise back. ← 99% of all business contracts are bilateral ← Implied contract – order food, eat food, pay for food. (it was implied that there was an offer and acceptance) ← Void – will not be enforceable (ie. Contract to kill) ← Voidable – ability to be void but it doesn’t have to. Contracts by minors, people who are mentally ill, etc. When the law says there is someone in the situation they want to protect. ← Unenforceable – the courts can’t enforce it. ← Executory contract – offer and performance…however, the contract hasn’t been completed ← Quasi contract – not tested on ← ← ← 30/10/2006 10:08:00 ← 30/10/2006 10:08:00 ←...
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