Management and Organizational Studies 2275A/B Chapter Notes - Chapter 23, 24, 26, 27: Consumer Protection, Personal Property, Security Interest

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

****don"t need to know rules for when we don"t what the parties intend*** just needed to know that if we don"t know what the parties intend then we go to these 5 rules. Remedies: repudiation (breach of condition) treat the contract as ended, and can sue for damages, damages (breach of warranty) only sue for damages. More competition is better, buyers have more choices, more pressure on the suppliers to do better for their consumers. Promotes competition: restricts mergers and acquisitions, prohibits anti-competitive practices, prohibits false/misleading claims, cant use performance claims unless you have data to back them up, cant make product comparisons unless they"re true, provides for reviewable and illegal practices. Relationship b/w commercial lender and borrower: contract law. In order to understand ppsa 3 main things: Perfection (enforceable against others third party and debtors): attachment plus registration, possession or control, registration registered notice of control -notice to the world that.