THP 500 Lecture Notes - Lecture 4: Developmental Disability, Fax, Kims

• School: Ryerson University
• Department: Performance
• Course: THP 500
• Professor: Sholem Dolgoy

Document Summary

Guest lecturer: derrick chua: producer and lawyer for the arts (theatre, film, tv, lawyer for kim"s convenience. What is a contract: a contract is an agreement between two or more parties that is enforceable by law, they protect the parties, and they help ensure that things go smoothly. In order for a contract to be considered valid, there must be: offer and acceptance, consideration, capacity, consent, lawful purpose, offer, acceptance, consideration. This is called consideration: consideration is the difference between a gift and a contract a gift is a one-way, capacity, consent, lawful purpose exchange, and a contract is a two-way exchange. In an offer and acceptance, the party who initiates, or makes the offer, is known as the offeror; the party to whom the offer is made is known as the offeree. In valid contract offers, there must be serious intent on the part of the offeror: the offer must also contain definite terms, or details.