[COMM 231] - Final Exam Guide - Everything you need to know! (30 pages long)
29 Mar 2017
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A general rule: we will not question the adequacy of consideration. Court would presume legal capacity of both parties, you do have the equal power, and you are intended/attempted to create a legal relationship. If you want to challenge the contract, you have to give a proof. Court has already found out a long time ago that the contract law is a fundamental to operate the market economy. So they would rather like to come to a conclusion that a contract should exit. Example: your car is stalled, i came to help you. I asked if you need a help, and you said yes. I fixed your car but then i asked for . No, services and benefits should be negotiated before fixing the car: grandma says to you: here is 10k for congratulating your graduation. This is interest free, and i need you to repay it to me in 5 years time.
