Management and Organizational Studies 2275A/B Study Guide - Midterm Guide: Rescission, Perjury, Oral Contract

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Desmond Mc Keon

Document Summary

Ref: 167: which of the following would immediately let you know that a contract contains an element that would cause a court to hold that the contract is unenforceable? a. Ref: 167: while negotiating a commercial agreement, juan made a misrepresentation that goes to the heart of the ensuing formal contract between the parties. How do you think the other party to the contract will act, once it becomes aware of the misrepresentation? a. The other party must seek a mediated remedy for the problem. The other party may opt to enforce the contract or have it set aside. c. d. The other party must seek legal advice to remedy the misrepresentation. The other party may opt to reproach the contract and set it aside. In what way is a void contract different from a voidable contract? a. Ref: 167: why is it necessary for canadian law to grant children and mentally ill individuals special legal protection? a.