Lecture-6.docx - September 30th 2016 Lecture 6 The...

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September 30 th , 2016 Lecture 6 The Requirements of Form and Writing Statute of frauds Fixed term > 1 yr (ex. Jobs at bars don’t have a fixed term, NHL jobs have fixed terms.) - Contemplation of marriage Real Property Act - Land Administration of Estates Act - I.e. When I die, my parents will have to pay off any debts I had and can keep all my assets Guarantees Acknowledgement Act - Guarantee - I.e. when a daddy’s girl buys a car, co-signed by her dad (liability limit of $6000, for example), if his daughter cannot pay off the debt on the car, he will have to. The daughter decides to go to Mexico during Christmas and gets a loan from the bank for it, because the Guarantee (from the car) is still sitting there; the bank knows her dad will have to pay off the debt if she can’t here as well. Sale of Goods Act What constitutes the Writing ? 1. Parties 2. Subject-matters 3. Price 4. Unusual terms 5. Signed Parole Evidence Rule - Only amended in writing INTENT – Meeting of the Minds
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VOID – Never existed. A sells an item to B, B then sells the item to C. The contract is deemed VOID, thus,
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