Ch08_3e - CANADIAN BUSINESS CANADIAN AND THE LAW AND Third...

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8-1 Copyright © 2007 by Nelson, a division of Thomson Canada Limited. CANADIAN BUSINESS CANADIAN BUSINESS AND THE LAW AND THE LAW Third Edition Third Edition by by Dorothy Duplessis Steven Enman Shannon O’Byrne Sally Gunz Presentation prepared by Allan Elliott, Southern Alberta Institute of Technology
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8-2 Copyright © 2007 by Nelson, a division of Thomson Canada Limited. CHAPTER EIGHT CHAPTER EIGHT NONENFORCEMENT OF CONTRACTS NONENFORCEMENT OF CONTRACTS OBJECTIVES: Why enforcement of contracts is the norm The exceptional circumstances in which contracts are not enforced Which contracts must be in writing, and why
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8-3 Copyright © 2007 by Nelson, a division of Thomson Canada Limited. NONENFORCEMENT OF CONTRACTS NONENFORCEMENT OF CONTRACTS EXCEPTIONS TO THE GENERAL RULE THAT A CONTRACT IS ENFORCEABLE an unequal relationship between the parties misrepresentation or important mistakes a defect within the contract itself
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8-4 Copyright © 2007 by Nelson, a division of Thomson Canada Limited. VOIDABLE / VOID CONTRACTS VOIDABLE / VOID CONTRACTS VOIDABLE CONTRACT a contract that in certain circumstances an aggrieved party can choose to keep in force or bring to an end VOID CONTRACT a contract involving a defect so substantial that the it is of no force or effect
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8-5 Copyright © 2007 by Nelson, a division of Thomson Canada Limited.
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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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Ch08_3e - CANADIAN BUSINESS CANADIAN AND THE LAW AND Third...

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