BUS203 Study Guide - Final Guide: Objective Test, Product Liability, Contra Proferentem
Document Summary
1 law, morality and meaning of eithics the source of laws governing business legal literacy for business professionals types of businesses contract the keystone of business. 9 contract contempt and catastrophe the law protecting consumer and small businesses fairness and ethics in business relationships. No consideration required e. g. contracts of record court records. Validity= from 3 elements being present: intention, agreement, consideration e. g. money/deposit. Both parties have to perform their promise. Performance a) executed: executory, expressly, impliedly, quasi contract, formal, simple. Social domestic and voluntary: intention not to be legally bound. Onus on p to rebut e. g. balfour v balfour (page 257) Onus on p to rebut e. g. balfour v balfour (page 257) e. g. merritt v merritt (page 258) Business or commercial agreements: intention to be legally bound. Onus on d to rebut e. g rose frank v compton bros (page 260)
