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Lecture

ADMS2610 notes

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Department
Administrative Studies
Course
ADMS 2610
Professor
Robert Levine
Semester
Winter

Description
CHAPTER9LEGALCAPACITYAMINORSLearngenerallyaboutcontractsfornecessariesandcontractfornonnecessariesBDrunkenandInsanePersonsSameasforMinorsCCorporationsLabourUnionsBankruptpersonsLearngenerallyDIllegalAgreementsdisregardELicencedpersonsLearnFContractsvoidforpublicpolicySeemypostingonVoidVoidableandunenforceablecontractsCHAPTER10THEREQUIREMENTSOFFORMANDWRITINGETCForyourpurposesthereisnodistinctionbetweenaformalcontractandasimplecontractForexampurposessimplyconsiderthatacontractcanbeoralwrittenorimpliedATheStatuteofFraudsNoteThisstatuteimposesastringentrequirementthatthecontractbeinwritingforcertaintypesofcontractsIfthecontractisnotinwritingalthoughacontractexistsitwillnotbeenforceablebythecourtsunlessanexceptiontothewrittenrequirementcanbefoundForyourpurposespleaselearnthesectionsontheGuaranteeandContractsConcerningLandReviewgenerallytheothersectionsBRequirementsforawrittenagreementGenerallyspeakingtheimportantrequirementsofanywrittenagreementareaadescriptionofthepartiestheymustbeidentifiedbthesubjectmatterofthecontractoragreementwhichshouldalsobesetoutwithclarityandctheconsiderationorpricetobepaidbyoneorbothpartieswhetheritbemoneyoranacttobeperformeddthatitbesignedbyeachoftheparties
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