MGMT 0130 Lecture Notes - Lecture 11: Oral Contract

• School: University of Manitoba
• Department: Mangement (Extended Ed.)
• Course: MGMT 0130
• Professor: Glynda White

Document Summary

Adults who have been declared mentally incompetent by the courts. Lawrence and jane were hammering out a deal over cocktails. Lawrence was totally plastered and was hoping to take advantage of this in their negotiation of the terms. However, lawrence knew exactly what he was doing. Although quite tipsy, he pretended to be staggering drunk. His plan was to make two deals: one deal that was good for him, the other a bad one. This way he could complete the deal that was to his advantage and, later, walk away from his obligations on the second deal. Both deals are enforceable since lawrence was only pretending to be drunk. Can be given the capacity to contract through the enactment of legislation. Joe is an aboriginal person, born and raised on a native reserve. After reaching the age of majority, joe decides to move to calgary to continue his work as an artist.