F4 Chapter5~10讲义.pptVIP

Chapter 5 Terms of a contract Terms 1 2 Terms 1 2 Express and implied terms 3 Terms As a general rule, the parties to a contract may include in the agreement whatever terms they choose. This is the principle of freedom of contract. Terms clearly included in the contract are express terms. The law may complement of replace terms by implying terms into a contract. Terms Implied term Terms Condition is a vital term going to the root of the contract, while a warrant is a term subsidiary to the main purpose of the contract. A condition is vital to a contract so that its breach will destroy the b