Significance of terms Flashcards
1
Q
Why are some terms weighted more than others?
A
As they are more important than others.
2
Q
Types of terms 1
A
A condition: a term that is fundamental in carrying out the purpose of the contract fully.
3
Q
What the remedy for breach of condition?
A
Right to reject the contract
4
Q
Types of terms 2:
A
A warranty: any other term of the contract, usually descriptive. Does not allow rejection
5
Q
Remedy for breach of warranty?
A
Damages
6
Q
Types of terms 3:
A
Innominate term: Neither a clear condition nor warranty, and is decided by court depending on the level of ‘injury’ following a breach.
