BU231 Chapter Notes - Chapter 9: Timeshare, Time-Sharing, Odometer
Document Summary
Substance: terms of the contract may have a variety of physical forms (or no form) Historically, arose during civil unrest and disputes over contracts of long duration limits of memory. Subject matter of the contract will dictate the exact writing requirements. Writing requirements imposed through 3 common types of legislation. Provincial variations exist in the application of the 3 classes of legislation, but every province imposes writing requirements through some combination of the 3 statutes. Adopted virtually unchanged in most common law jurisdictions around the world. The effe(cid:272)t is to (cid:373)ake (cid:272)e(cid:396)tai(cid:374) t(cid:455)pes of (cid:272)o(cid:374)t(cid:396)a(cid:272)ts u(cid:374)e(cid:374)fo(cid:396)(cid:272)ea(cid:271)le u(cid:374)less the(cid:455)"(cid:396)e i(cid:374) (cid:449)(cid:396)iti(cid:374)g. allows party to avoid contractual obligations solely because the oral contract comes within scope of statute. By defeating the reasonable expectations of parties, the statute of frauds promotes more frauds than it prevents courts have thus tried to limit the application of the statute (restrict the scope)
