certain in its terms Flashcards
What are the different types of terms in a contract
Express terms, implied terms, common terms, imposed terms and unsigned contracts
What are express terms
broken into essential terms which are material such as price, subject etc.
And incidental terms which are non-essential which includes later defects/passing of risks etc
What are implied terms
Tacit terms/terms implied on the facts which are obvious ( curious bystander)
Terms implied by law/residual/natural terms
Terms implied by trade usage which must be certain, reasonable, legal, generally known and used as well as not contradictory to other parts of a contract
What are common terms
exclusion clauses
cancellation clauses
penalty clauses
time terms
conditions both suspensive and resolutive
What are imposed terms
Exclusion terms. under CPA supplier cannot exclude liability for gross negligence and under common law, caveat subscriptor.
What are unsigned contracts
These are tickets and notices which the party is bound to as long as drawn to consumers attention
How should exclusions for imposed terms be included
They must be drawn to the consumer, must be in plain language, must be given adequate time to read it, must show consent by signing or initialling the clause