LAW 122 Lecture Notes - Lecture 26: Tonne, Objective Test, Kijiji
Document Summary
Who can sue and be sued under a contract. If contracts are not fulfilled than there are consequences. For eg. buy a coffee, textbook cell phone plan . Take the ttc pay for parking contract law is important: 2. Foundation for business transactions provides predictability and certainty. Essential elements of a contract: intention to create legal relations, meeting of the minds (offer and acceptance, exchange of value (consideration) Suppose that an acquaintance has agreed to purchase your bike. The two of you have agreed to a price () and to a delivery date (next wednesday). Yes an oral agreement is a valid contract therefore in general, contracts does not need to be in writing to be legally enforceable. Rule: parties must intend to create legal relations. Courts protect reasonable intentions and expectations of the parties. People should be able to rely on outward appearances and not what one is thinking. Presume that there is no intent commercial.
