BU231 Study Guide - Quiz Guide: Chapter 27, Wrongful Dismissal, Lightning
Document Summary
Contract is formed when there is offer, consideration and intention: may come in 3 forms: oral/ oral and written/ only written. Construing the contract is each parties interpretation of the of the contract. Indemnity: a promise by a third party to be primarily liable to pay the debt. Part performant: part performance under taken in reliance on an oral contract relating to an interest in land. The act of part performance does not require the terms to be disclosed, but just the proof that there is an existence of a verbal contract to be valid: requirements of a written memorandum. Only a note of memorandum of the contract signed by the party to be charged or by the authorized agent and does not require complete detail of terms: but all essential terms must be included. Must be in writing to sale of goods if over the provinces threshold amount.
