B LAW301 Lecture Notes - Lecture 7: Reasonable Person, Puffery, Tinker Bell

• School: University of Alberta
• Department: Business Law
• Course: B LAW301
• Professor: Jeffrey Bone

Document Summary

Contract law can be harsh: if you make a mistake: too bad. You enter into contracts on your own. No presumption in social or family dealings. Whe(cid:374) so(cid:373)eo(cid:374)e (cid:449)alks i(cid:374)to a store the(cid:455) assu(cid:373)e the role of a (cid:272)usto(cid:373)er --- e(cid:454)(cid:272)ha(cid:374)ge of (cid:448)alues are goi(cid:374)g to take pla(cid:272)e. The parties are presu(cid:373)ed to (cid:271)e i(cid:374) a legall(cid:455) (cid:271)i(cid:374)di(cid:374)g (cid:272)o(cid:373)(cid:373)er(cid:272)ial relatio(cid:374)ship. If (cid:455)ou ha(cid:448)e e(cid:448)ide(cid:374)(cid:272)e to sho(cid:449) that (cid:455)ou i(cid:374)te(cid:374)ded a (cid:272)o(cid:374)tra(cid:272)t --- i(cid:374) fa(cid:373)il(cid:455) (cid:271)usi(cid:374)ess its oka(cid:455) (cid:271)ut other(cid:449)ise its assu(cid:373)ed that it is(cid:374)"t a (cid:272)o(cid:374)tra(cid:272)t. Needs to be capable of being accepted by a reasonable person. The offer can be made that is capable of being a(cid:272)(cid:272)epted (cid:271)ut does(cid:374)"t need all the info it can be missing some. Puffery the plane in the pepsi commercial. The pepsi case goes to court (cid:271)ut the (cid:271)o(cid:455) did(cid:374)"t (cid:449)i(cid:374) (cid:271)e(cid:272)ause a reasonable perso(cid:374) does(cid:374)"t (cid:271)elie(cid:448)e that (cid:455)ou (cid:272)ould get a jet fro(cid:373) Presumed invitations: ads, store shelves, online catalogue.