Regarding Ratification of Pre-Incorporation Contracts,how Has the CBCA Resolved the Problem

question 21

Essay

Regarding ratification of pre-incorporation contracts,how has the CBCA resolved the problem presented by common law?

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Definitions:

Equal Rights

The principle that all people should have the same legal rights and opportunities regardless of personal characteristics.

Contract Right

A legally enforceable claim that derives from a contract, allowing a party to require another party to perform or refrain from performing certain acts.

Obligor

One who owes an obligation to another.

Notice of Assignment

A formal notification given to all the relevant parties involved that a contract has been transferred from one party (the assignor) to another (the assignee).