Management and Organizational Studies 2275A/B Lecture Notes - Lecture 3: Estoppel, Post Box, Undue Influence

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

Document Summary

Counter-offer (killing original offer, cannot go back to original) Seal (seal will bind even a gratuity ) Promissory estoppel(can only be used in defence, cannot behavior on reliance) Reliance on promise by the other side (change. Knowledge from other person is important for competence. Intent to create a legally binding relationship o be legally bound. If missing any of these contract is void, besides for capacity which is. Signature creates a presumption that you intended a contract to voidable: promises are not enforceable by law, they are one sided, post box acceptance rule, exception to general rule o back to the offerer. If offerer says this applies, the contract is made when the acceptance is mailed. Contractual terms: express vs implied, express are there and you can read them o. Implied terms are not written, but legally they are there: entire agreement, anything not written in this contract is out.