ADMS 2610 Chapter Notes - Chapter 7: Contract, Canada Border Services Agency, Meeting Of The Minds
16 Jun 2012
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Contract: an agreement made between two or more persons that is enforceable at law. Comes into existence when parties fulfill all elements of a contract that makes it enforceable. Different from tort law: if parties comply with the principles laid down for the creation of an enforceable contract, they are free to create specific rights and duties of their own that the courts will enforce. Decline of the feudal system and rise of the merchant class. Ecclesiastic courts on the basis of breach of solemn promise. Ii: an intention to create a legal relationship(presumed, offer, acceptance, consideration, capacity to contract, legality (contract can be made and will be sustained in law-dictated by statutes, public policies) Other not so important requirement: some must be in writing, in an electronic substitute or take a special form. Free from vitiating elements such as mistake, misrepresentation or undue influence.
