COMMERCE 4SD3 Study Guide - Final Guide: Quantum Meruit, Equitable Remedy, Secured Creditor

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 4SD3
• Professor: Paul Stillman

Document Summary

A unilateral mistake regarding the identity of the other party to a contract may result in that contract being. The contract is void if the mistake is about the nature of the signed agreement, or the wording on a document, or if a person is using a false name. Voidable if the person is using a fake name: a prospectus is mainly required to the benefit of. A prospectus is required for the benefit of all the existing stakeholders: reliance damages may be awarded to the plaintiff in a breach of contract case. Reliance damages are damages for the cost of all expenditures in anticipation of a contractual duty, when the contract is cancelled: the doctrine of part performance affects the consideration to be paid for that performance. The doctrine of part performance allows part performance of a contract of land as evidence of the contract in place of a written memorandum: novation results in the discharge of a contract.