Management and Organizational Studies 2275A/B Chapter Notes - Chapter 23: Rescission, Price Fixing, Caveat Emptor

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

Document Summary

Chapter 23 sales and marketing, the contract, product, promotion. Marketing law all areas of law that influence and direct the creation, promotion, pricing, and distribution of goods, services, or ideas. Terms of contract relating to sale,, delivery of product, transfer of ownership, remedies for breach. Sale of goods legislation: predictable set of exceptions to caveat emptor, sale of goods act protected buyers because it implied a set of terms into a sales transaction unless it would be contrary to parties intentions. Applies only to sales of goods, not land or services. Requires there be privity of contract between customer and offending party, breach of warranties by manufacturer, etc. are not covered. Does not address pre-contractual representations made by vendor. Ontario has enacted a comprehensive act that consolidates several existing pieces of legislation and addresses consumer rights, unfair trade practices, credit agreements, leases, consumer agreements, remedies and enforcement.