Terms

• What is a term ?

  • Promise or undertaking that becomes part of the contract itself
  • An obligation
• What is a puff ?

  • A boastful statement
  • Made in advertising
• What is a representation ?

  • A statement
  • Intices a party to inter into a contract
• What is a misrepresentation ?

  If a representation is untrue
• What are express terms ?

  • Terms the parties have set out in their agreement
  • Have been specifically agreed between the parties
• What are implied terms ?


  Implied & can happen in different ways
• What are terms that are implied by statute ?

  • Statutory implied terms are seen in different acts
  • For example, whether the contract is business to business or business to consumer
  • A contract between a business & a consumer is in the Consumer Rights Act 2015
• Which act implied terms between business and consumer ?

  Consumer Rights Act 2015