Management and Organizational Studies 2275A/B Lecture Notes - Lecture 4: Expectation Damages, Unconscionability, Equitable Remedy

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

One of the parties can avoid them/walk away. Exist, but cannot be enforced (e. g statue of frauds) Required to be in writing, under the statute of frauds. Suppose that we have a verbal contract for sale of land, but we complete it. I give you the money, and you register the title to the land in my name. Two weeks later you want to undo it, but you cant. The contract has been performed- cant undo it because its valid and theres nothing wrong with it. Cannot be contrary to public policy - no code of public policy, don"t really know whats against it- tend to change over time. Age (varies by province)-voidable at the option of the minor- can go ahead if they want too. Basic clothing, shelter are excluded- some minors need to provide for themselves. When someone is so impaired, or intoxicated and they don"t understand what they are doing.