Principles of Contract Law: Difference between revisions
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==Principles of Contract Law== | ==Principles of Contract Law== | ||
Revision as of 20:03, 16 August 2021
Principles of Contract Law
Millennium Veterinary Hospital Corporation v. SR & R Bay Ridges Ltd., 2007 CanLII 28328 (ON SC)
[13] The relevant contract principles are as follows:
- i. The plain, literal and ordinary meaning of a written contract shall be given effect
- ii. Parole evidence shall only be admitted where the contract is ambiguous
- iii. The parties’ intention in forming the contract shall be considered in light of the contract as a whole
- iv. Contracts shall be interpreted Contra Proferentum
- v. Contracts must be interpreted in a commercially reasonable manner
