Contract Law - Terms of the contract

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  • Created by: Steph130
  • Created on: 03-03-22 11:45
What is a Grey List
an indicative and non-exhaustive list of terms in consumer contracts which may be regarded as being unfair. The list gives an indication of the types of terms which are likely to be considered unfair without any justification being provided
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What are terms of a contract
They are contract provisions which defines- the obligation that each party of the contract assumes as well as the rights and benefits that each is entitled to. They form part of the contract, not every statement made during negotiation will become a contr
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Breach of contract
occurs when there is a failure to perform a contractual term/obligation
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Pre-contractual statement
a “term” of the contract or a representation and if it comes to litigation it will be important to determine this as it will affect the appropriate cause of action and the remedies that are available
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Express terms
These are terms agreed/expressed by the parties themselves. They are set out in the contract and can be oral or written
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Other cards in this set

Card 2

Front

What are terms of a contract

Back

They are contract provisions which defines- the obligation that each party of the contract assumes as well as the rights and benefits that each is entitled to. They form part of the contract, not every statement made during negotiation will become a contr

Card 3

Front

Breach of contract

Back

Preview of the front of card 3

Card 4

Front

Pre-contractual statement

Back

Preview of the front of card 4

Card 5

Front

Express terms

Back

Preview of the front of card 5

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