CBUS 208D2 Study Guide - Time-Sharing, Miscarriage, Odometer
Document Summary
If a type of contract is outside the statute, it doesn"t need to be written and won"t be governed. If the executor/administrator promises to pay the debt himself, the creditor will be unable to enforce it unless it"s in writing: promise to answer for the debt/default/miscarriage of another: guarantee & Not ambiguous or part of a different transaction. In canada, a deposit on the price of land is an act of part performance but not a sufficient substitute for writing (the deposit may refer to any kind of contract). Wednesday, june 5, 2013: statute also doesn"t apply when only one party requires > 1 year to perform, provided that the contract also shows an intention that the other party will wholly perform within a year. This requirement does not apply to minors" contracts that are valid unless rejected (merely acquiescing is sufficient to bind infants after coming of age)
