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Lecture 7

BUS1 414 Lecture Notes - Lecture 7: Force Majeure, Specific Performance


Department
Business
Course Code
BUS1 414
Professor
Jocelyn Perreault
Lecture
7

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Contracts


 !"

##$%&'( 
!
)*
+ ))##$%&'(
,!
-*
+ ##$%&'.
)
,
*
+ /##$%&'.
)*
 !-*
*0(!
%1!)*
23*
Example- &145*
+##$%&'.-
*

+ ##$%&'.

+)##$%&'.!)
!*6
7
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Interpretation
#48
%'(1)*
39*
:!9;<9;=>;
:-)>*
")9,,*
399
?9-
>!@9A
)@A*
:9?!)!-
2 APPROACHES- Literal/ Liberal

##$%(0&The common intention of the parties rather than
adherence to the literal meaning of the words shall be sought in
interpreting a contract.
##$%(0'Words susceptible of two meanings shall be given the meaning
that best conforms to the subject matter of the contract.
CCQ 1427- Each clause of a contract is interpreted in light of the others so
that each is given the meaning derived from the contract as a whole.
“Since the word “chicken” is ambiguous, you have to turn first to see
whether the contract itself offers any aid to its interpretation” (pg.2)
A good lawyer will have definitions stated at the beginning of each contract
CCQ 1431- the clauses of a contract cover only what it appears that the
parties intended to include, however general the terms used.
CCQ 1428- A clause is given a meaning that gives it some effect rather
than one that gives it no effect.
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