COMM 393 Lecture Notes - Lecture 2: Standard Form Contract, Canada Wide Media, Consumer Protection
Document Summary
Legal obligations that would otherwise not exist. Unfair when inequality of bargaining power or expertise between parties exist. A set of promises that the law will enforce. Where there"s a promise in exchange for an act (a reward situation given a condition is met) Secondary agreement: once you"re started to perform terms of agreement, not allowed to revoke the contract/ cancel the offer. Both parties have an obligation to fulfill/ offer of a promise for a promise. I will sell you my car if you give me . A description of a promise one party (offeror) is willing to make (control the terms) Subject to the agreement of the other party (offeree) A proposal of some sort and the intent to be bound should the offer be accepted. Form doesn"t matter: oral/ written / by conduct. Transformed into a contract when the offeree accepts the offer by agreeing to the description of promises or requests.
