BSLW1021 Lecture Notes - Lecture 19: Loan Guarantee, Estoppel, Deontological Ethics
Document Summary
Capacity and genuine assent: contracting with a minor. Ratification after 18 then the minor is bound by the contract. Then he is no longer a minor. Once ratify it after 18 then you are bound to all the parts of the contract. Mistake is very tricky in contract law. The making of a material misrepresentation of fact. Party provides information with knowledge of its falsity or reckless disregard for its truth. The listener does rely on the information given. Reckless disregard for the truth don"t really know what is true but make assumptions for your benefit. Can get out of contract because induced into it by fraud. Sales puffering it is not fraud, someone"s opinion. All issues that go to the idea that you did not really agree to the contract because there were external factors that made you enter into the contract: pressure. Someone has given up/done something that they did not have to do.
