Terms used in contract, Business Law and Ethics

Terms used in Contract

However there are certain terms may identify conditions and warranties like are implied into every contract covered through the Sale of Goods Act where unless the contract shows a different intent. Further they were implied to the first time through the English Sale of Goods Act 1893 like in order to protect such the buyer against certain unfair penalty of the common law ruling rule 'caveat emptor' like "buyer beware".

Instance whether A sold to B goods that he (A) had stolen from C, and C ultimately recovered the goods from B, A would never be liable to B like either for the price or in damages unless, before the sale like B had asked A whereas the goods were his goods and he (A) had usually assured him that they were. Conversely B merely assumed such A owned the goods he would have to suffer along the consequences of his assumption. He must have been aware like sometimes people sell stolen goods and therefore A was not under several legal obligation for confide in him such he had in fact stolen such particular goods.

Posted Date: 1/31/2013 3:09:48 AM | Location : United States







Related Discussions:- Terms used in contract, Assignment Help, Ask Question on Terms used in contract, Get Answer, Expert's Help, Terms used in contract Discussions

Write discussion on Terms used in contract
Your posts are moderated
Related Questions
Imagine yourself in a situation of being encouraged to inflate your expense account. Do you think your choice would be most affected by your individual moral development or by the

Question 1: i) What are the main characteristics of good faith bargaining? ii) What are the main criteria used in the US labour relations system to test good faith bargain

QUESTION (a) What is a contract and what are the elements of a valid and enforceable contract according to English Law? (b) List down 5 main documents which form part of a b

Non-accepting shareholders: Acceptance on the required scale must be obtained within a maximum of four months from the date of the offer.  The position then is that: (a) at

Order for compulsory liquidation: The Official Receiver also calls separate meetings of creditors and of contributories within one month of the order for liquidation: s.236.


The concept of separate legal personality is fundamental to company law. With close reference to leading cases, explain this concept and its relationship to the doctrine of limit

Disadvantages of Stare Decisis - Rigidity However the case law method of administration of justice has been criticized on the grounds which it leads to rigidity because the di

What are the advantages of doctrine of judicial precedent? Advantages of doctrine of judicial precedent: a. Makes it more clearly in terms of chances of winning case should

"Within a company there are many areas of potential disagreement among members. As the range of potential disagreement is very broad, so also is the scope for exploitation and abus