Terms of a contract Flashcards
1
Q
What are terms of a contract?
A
Various statements, promises and stipulations which are referred to as terms of a contract
2
Q
What different types of terms are there?
A
Express terms and implies terms
3
Q
What do terms of a contract do?
A
It determines the extent of each party’s contractual rights and duties
4
Q
What are express terms?
A
Terms that are specifically agreed between the parties (working hours, salary)
5
Q
A
