RTA 315 Lecture Notes - Lecture 10: Consideration, Fax, Limited Partnership
21 Mar 2020
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The offer: written or verbal, express or implied, intention, invitations to treat, communication of offer, unilateral, time period for offer - acceptance, rejection or lapse. The acceptance: by word, signature (electric), by deed, by fax, how modi cations affect acceptance, express or implied from conduct, certainty. Consideration in media: mutual promises, usually in the form of money, payment for services, services for services, other consideration: movie credit, rights of rst refusal, broadcast window, exclusivity, a dollar. Enforceable: signing, email, cross signing, fax what"s that again, implied terms. Things you can assume that are unstated: exemption clauses (failure to give credit, send notice). Mistake: mistake may operate to negate consent, caveat emptor and non disclosure of material facts. Undue in uence: includes any in uence by which the exercise of free and deliberate judgement is excluded, independent legal advice. Frustration: when without fault an obligation becomes incapable of being performed.
