BU111 Lecture Notes - Lecture 15: Ultra Vires, Indian Act, Consumer Protection
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Contractual defects incapacity to contract: absence of writing, mistake, unfairness during bargaining illegality. Minor must pay reasonable price: employment contracts, enforceable if beneficial to minor. Despite this, fred negotiated a contract with joe. Then joe regained capacity, joe can elect whether or not to avoid the contract. Intoxicated persons: intoxication may render contract voidable if, the drunk person was. Too drunk to understand circumstances ; and: other party was aware of the above, a voidable contract must be avoided promptly immediately upon the drunk person becoming sober. Business corporations: corporations are treated as legal persons. Associations: only legal persons can have capacity, 2 types of legal persons : human beings and corporations, associations are usually unincorporated, e. g. , clubs, charities, societies, associations therefore usually lack capacity, some exceptions include indian bands, trade unions- these. 3: ensure that members are able to fully perform. Indian bands: unique collection of individuals, aboriginals living in a group on land held for them by the.
