CIMA BA4 Syllabus C. CONTRACT AND EMPLOYMENT LAW - Distinguish Terms From Mere Representations - Notes 11 / 13
TERMS are part of the contract
These are so important that they form the reason why the promisee got into the contract
If you breach these - you breach the contract
If you're an expert then your statements are probably terms of the contract
Representations
These are simple inducements to get the other party to join the contract only
Breach these and you haven't breached the contract
These include verbal statements which were later omitted from the written contract
Also if there's a big time gap between the time the statement was made and the contract agreed - then it will probably be treated as a representation only and not a term
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Syllabus C. CONTRACT AND EMPLOYMENT LAW
C1. Contracts & Contractual Terms
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Define The Various Contractual Terms
Syllabus C. CONTRACT AND EMPLOYMENT LAW
C1. Contracts & Contractual Terms