LAW 122 Lecture Notes - Lecture 6: Fax, Consumer Protection, Post Office

• School: Ryerson University
• Department: Law and Business
• Course: LAW 122
• Professor: Avi Weisman

Document Summary

Overview introduction to contracts intention to create legal relations (need to know the element of contract when there is a contract, first thing to look at it. Problems arise because the parties failed to think carefully about legal implications of their actions. By knowing rights and obligations, you can almost always avoid that situation: when something does go wrong, it may be preferable from a business perspective to avoid the court-system. It is better to solve them informally: legal proceedings tend to signal end of a relationship. If you and i enter a business relationship, i expect to receive the product even though you secretly wish to not give it. He did(cid:374)"t i(cid:374)te(cid:374)d to e(cid:374)te(cid:396) i(cid:374)to a legal (cid:272)o(cid:374)t(cid:396)a(cid:272)t: get loa(cid:374) f(cid:396)o(cid:373) (cid:271)a(cid:374)k fo(cid:396) (cid:272)o(cid:374)do, (cid:271)ut (cid:271)a(cid:374)k (cid:449)o(cid:374)"t gi(cid:448)e (cid:271)e(cid:272)ause stude(cid:374)t. ask pa(cid:396)e(cid:374)ts, they ask for mortgage and monthly payments. In this scenario, they intended to enter into a legal relationship with exchange.