LAW 122 Final: LASTlawNOTEStoEXAM.docx

• School: Ryerson University
• Department: Law and Business
• Course: LAW 122
• Professor: Henry Ojambo

Document Summary

Even if one party breaches the agreement, you cannot recover anything because essentially there was no valid contract. Contracts involving an illegal subject matter such as gambling, prostitution, or committing a crime. Contracts entered into by someone not mentally competent (mental illness or minors). Contracts that require performing something impossible or depends on an impossible event happening. Contracts that are against public policy because they are too unfair. Contracts that restrain ( ) certain activities (right to choose who to marry, restraining legal proceedings, the right to work for a living, etc. ) Voidable: contracts are valid agreements, but one or both of the parties to the contract can void the contract at any time. As a result, you may not be able to enforce a voidable contract: Contracts entered into when one party was a minor. (the law often treats minors as though they do not have the capacity to enter a contract.