Chapter 11 Flashcards
Expections
- Where the party seeking to enforce the contract can prove that the party denying it had acted in such a way that indicated the existence of the contract deposit.
Seller - Where are the party seeking to enforce the contract had reasonably rely on the contract and performed some spending money.
Does not apply to lease for a term of three years or less. Commercials
Remedies
The court has the Power to enforce and oral contract.
Deposit
Compensation
Legal fees reimbursed
The law and equity act contains a provision that is often referred to as a requirement of writing. Which of the following statement is true regarding the requirement of writing contains in section 59 of the real estate equity act
Party who is reasonable relied on the oral contract of the real estate will be able to force the contract
Which of the following statements is true
The court has the power to enforce an oral contract respecting a disposition of land, if necessary to avoid and in equable or unfair result where the party will live on the contract has substantially alter his position
Competition Act
Every person commits an offence to with a competitor of that person that with respect to a product conspires agrees or arrange
- To fix maintain increase or control the price for the supply of the product.
- To allocate sales territories customers or markets for the production or supply of the product.
- To fix maintain control prevent less than or a lemonade the production or supply of the product
Which of the following is an offence under the competition act
Agreement in restraint of trade
Competition act
Agreement in restraint of trade
Key words
- Control the price
- Allocate sales territories customers or market
- Control the production or supply of the product
The act of discouraging the Reduction of price is placing uppers pressures in price and discrimination against someone because of their low pricing policy means of threat promise or agreement or fence under the
Competition act
Misleading advertising
To determine whether a given representation of false or misleading accorded required to assess the general impression convey by the representation as well as it literal meeting
Can’t be written or oral representation to the public.
The statement must be false or misleading in a material respect
What are the same as misleading as whether in an experience person would be mislead
To escape liability… Must show that you took all the care of a reasonable person and you honestly believe it was true
Section 50 to the competition it stays at the falls or misleading advertising is a crew in offense. Which of the following statement is true
Determine whether a given representation is false or misleading a court is required to it assess the general impression convey by the representation as well as is literal meaning
Which of the following statements about the competition as offences of misleading advertising his faults
A representation to the public would include any print radio or television advertising but would not include oral representation made privately to an individual purchaser
The federal competition at prohibits false or misleading advertising and creates an offence punishable by imprisonment or fine. Which of the following statement is not true concerning this offence
All false advertisement made to the public will constitute an offence under the provisions of the competition at even if the inexperienced person would not mislead by them the representation
Contract respecting land or disposition of a of land is not enforcible hard to enforce unless there is there is in writing signed by the party to be charged or by his agent both in an indication that it has been made in a reasonable indication of a subject matter
Law and equity act
Before providing trading services to a customer licensee must obtain
The informed consent of the consumer
Which of the following statements about conditions and warranty is
Only bridges of conditions allow the end of party to terminate the contract
Which of the following statement is correct
Contracts a purchase and sale can be a sign if the contract includes a standard assignment turned the same it does not prejustice the seller and the contract does not prohibit the Simon
In a binding contract I condition precedent can best be described as
The condition that must occur before a party is liable to perform his principal obligation under the contract
Which of the following is not one of the standard assignment terms that must be included in all prepared by licensee unless instructed otherwise by a client
The seller must not charge any fee to the buyer one consenting to an assignment.
Which of the following is one of the standard assignment terms that must be included in all offers prepared by a licensee unless instructed otherwise by a client
The seller is entitled to any profit resulting from an assignment of the contract by the buyer or any subsequent assignee.
The contract must be assigned without written consent of the seller
Condo in strata Assignment integrity registration ( CSAIR)
Reporting
And assignment of the entire agreement
A partial assignment
Subsequent assignment
And assignment of the lease agreement of three years term on more
A contract of purchase and sale is
A binding contract and properly drafted
Which one of the following is false
Unless a deposit paid when an offer to purchase is made there is no binding contract of purchase and sale
Where a condition precedent Is inserted in a contract of purchase and sale a licensee might also include a time clause. Which of the following definition accurately describes such a clause
The clause permit the seller to require the removal of the condition precedent that it within at the civic time if a better offer is received
The lot equity act contains a provision for the literal waiver by the party of the condition precedent.Which One of the following is not one of the requirements
Satisfied
