Wednesday, 17 July 2013

Ct7 - Contract Law: (2) Contents of a Contract: Express Terms


As we commence our examination of the contents of a contract, our first podcast deals with the quite complex area of express terms.

Contents: 


 2) CONTENTS OF A CONTRACT

   A. Express Terms

   (i) Warranties and Mere Representations
  • Timing
  • When Verbal Agreement is Reduced to Writing and Oral Statement made Not Included
  • The Importance of the Statmenet in the Minds of the Parties
  • Reliance
  • Special Knowledge of Skill

   (ii) The Parol Evidence Rule

   (iii) Exceptions to the Parol Evidence Rule
  • Where the Written Document was Not Intended by the Parties to be the Entire Contract
  • To Demonstrate the Non-Existence or Non-Operation of the Contract
  • To Explain a Custom
  • To Explain the Circumstances Surrounding an Agreement
  • To Explain the Subject Matter of a Contract
  • To Correct a Mistake (Rectification)
  • To Prove the Consideration

   (iv) Collateral Contracts


I hope you enjoyed this podcast. As usual, I can accept no liability for any errors, omissions or inaccuracies in this or indeed in any of the podcasts posted on this blog by me or any other contributor. This is a free resource. What do you think? Your opinions, comments, clarifications and corrections are welcome. Send me an email at preparingforkingsinns@gmail.com or post below.

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