Incoropartion Of Terms

Question 1

What is the three different terms

Answer 1

Conditions, warranties and innominate terms

Question 2

What is conditions

Answer 2

Terms which are central to the contract. If these terms are breached then the innocent party has the right to bring the contract to an end

Question 3

What are warranties

Answer 3

Minor terms. Breach of these terms gives a right to damages but does not bring the contract to an end

Question 4

What are innominate terms

Answer 4

Not defined as conditions or warranties. If the effects of a breach are serious then they will be treated as conditions. If trivial then they will be treated as warranties. If it has serious effect it will be conditions. If it has minor effect it will conditions

Question 5

How to classify contractual term

Answer 5

If one of the parties to a contract fail to meet their obligations then there will be breaching one of the three terms