Ch05_3e - 5-1Copyright © 2007 by Nelson, a division of...

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Unformatted text preview: 5-1Copyright © 2007 by Nelson, a division of Thomson Canada Limited.Presentation prepared by Presentation prepared by Allan Elliott, Southern Alberta Institute of TechnologyAllan Elliott, Southern Alberta Institute of TechnologyCANADIAN BUSINESS CANADIAN BUSINESS AND THE LAWAND THE LAWThird EditionThird EditionbybyDorothy Duplessis Steven Enman Shannon O’Byrne Sally Gunz5-2Copyright © 2007 by Nelson, a division of Thomson Canada Limited.OBJECTIVES:The general concept of a contractThe legal factors in the contractual relationshipThe business factors influencing the formation and performance of contractsCHAPTER FIVECHAPTER FIVEAN INTRODUCTION TO AN INTRODUCTION TO CONTRACTSCONTRACTS5-3Copyright © 2007 by Nelson, a division of Thomson Canada Limited.DEFINING CONTRACT LAWContract- deliberate and complete agreement between two or more competent persons, not necessarily in writing, supported by mutual consideration, to do some act voluntarily, and which agreement is enforceable in a court of lawINTRODUCTION TO CONTRACT LAWINTRODUCTION TO CONTRACT LAW5-4...
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This note was uploaded on 12/19/2010 for the course AFM 231 taught by Professor Briggs during the Winter '09 term at Waterloo.

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Ch05_3e - 5-1Copyright © 2007 by Nelson, a division of...

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