British Columbia Law Institute Report on Proposals for Unfair Contracts Relief
"The basic purpose of the law of contracts is to ensure that promises made for consideration are enforced. Achieving this basic purpose offends the conscience of society in some cases. The courts have a longstanding jurisdiction to refuse to enforce contracts that are determined to be unfair."The BCLI website also includes a consultation paper on the issue as well as 4 backgrounders.
"This report recommends reforms to the leading concepts used by contract law to tackle the problem of unfairness. These concepts are unconscionability, duress, undue influence, good faith, and misrepresentation. Over the past years, they have been considered in an increasing number of court decisions. This has led to an expansion of, and a degree of confusion about, their scope. It is now timely to rationalize and consolidate these concepts."
Labels: business, commercial and corporate law, contract law, government_British_Columbia, law commissions
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