Contract Terms + Consumer Rights Act Flashcards
Terms definition
The obligations of a contract.
Conditions
Type of term
The most important term of a contract. A failure to fulfill a condition means claimant is entitled to all forms of remedy (damages, repudiation or both).
Warranty
A minor term that isn’t vital to the contract. A failure to fulfill a warranty means claimant is entitled to damages, but cannot terminate the contract.
Types of remedy
Damages, repudiation, or both
Repudiation meaning
Termination of contract.
Poussard v Spiers & Pond
Case used for conditions.
Bettini v Gye
Case used for warranties.
Innominate term
Unclear if the term is a warranty or condition. Judge will decide if it should be enforced as either.
Hong Kong Fir Shipping v Kawasaki
Case used for innominate terms.
Express terms
Terms decided upon by the parties making the contract.
Implied terms
Terms forced upon the contract by Acts of Parliament.
Consumer Rights Act 2015
Implied terms for contracts involving supply of goods and supply of services.
All goods should be:
- Of satisfactory quality
- Fit for purpose
- As described
Consumer Rights Act 2015 s.9
Goods must be of satisfactory quality
Consumer Rights Act 2015 s.10
Goods must be fit for purpose