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BUSI 4623 (0)

Lecture 12.docx

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Acadia University
Business Administration
BUSI 4623
Steven Enman

Lecture 12Consumer protection act requires that someone who makes a transaction must have copy of the act or its not enforceablePersonal contracts under consumer actspersonal services like gym contracts must be in writing as well personal development services where consumer payment is required in advance to purchase the goodserviceA contract is frustrated when something outside the control of either party happens and it makes it impossible for them to perform in a contract o Not frustrated if it is in their control o If contract was much more difficult or less profitable that is not frustrationIf one party is responsible and tat party takes on the fault eg opera singer going tossing at wedding anniversary and opera singer gets a sore throat that is a frustration If she chooses not to come then it is not frustration it is a breach of contract and must pay for itDocuments mistakenly signedpg 224 pledge non something it is not my deedNumber of things why bargaining process is not fair defects in contract have to be brought to an endSometimes a weaker party or disadvantaged you will be allowed to get out of contract duress or being threatened into contract consideration was not adequateEconomic pressure if they are going to want you to stick they will have to give you something else for that contract
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