LAW 122 Lecture Notes - Lecture 10: Parol Evidence Rule, London Drugs, Collateral Contract
19 Apr 2018
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3 elements of a valid legal contract: meeting of the minds goes to intention to create legal relations, offer + acceptance understand nuance between 2, consideration exchange of value. If he had put 9366$ down it (cid:449)ould"(cid:448)e held this, a(cid:374)d (cid:449)ould ha(cid:448)e (cid:271)ee(cid:374) (cid:272)alled a(cid:374) optio(cid:374: think of a contract of having 2 sides consideration must go to 1 side and exchange to the other side. Forbearance to sue: a person gives up the right to sue, a risk management approach. Forbearance as consideration dcb v zellers inc. page 186. Facts: teenager stole something from the zellers store, mom receives a letter from the company lawyer, initial letter says she needs to pay for what her son stole. Mom promptly paid the amount but later realized store was entitled to sue her son not her. In exchange for the mother"s payment of , the store would have given its forbearance to sue.
