Question 1

Innominate terms as well as being distinct from conditions and warranties have their own distinct set of corresponding remedies.

Accepted Answer

A) True 
 B)False

Question 2

Does every agreement have a surrounding matrix of fact?

Accepted Answer

In legal terminology, the phrase "surrou...

Question 3

What are the five rules of 'common sense' of 'purposive' interpretation?

Accepted Answer

The five rules of 'common sense' of 'pur...

Question 4

Terms may be implied into a contract simply by virtue of being customarily used by the contracting parties or their trade.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following best describes an innominate term?

Accepted Answer

A)   A term that goes to the heart of the contract and contains a fundamental obligation
B)   A term that is not usually found in a contract of the type in question
C)   A term that may be classified as a condition or a warranty depending on the consequences of its breach
D)   A term which the parties to the contract have not expressly identified as being either a condition or a warranty

Exam 5: Privity

Innominate terms as well as being distinct from conditions and warranties have their own distinct set of corresponding remedies.

Correct Answer
verified

Which of the following best describes an innominate term?

Correct Answer
verified

Terms may be implied into a contract simply by virtue of being customarily used by the contracting parties or their trade.

Correct Answer
verified

What are the five rules of 'common sense' of 'purposive' interpretation?

Correct Answer
Answered by ExamLex AI
The five rules of 'common sense' of 'pur...
View Answer

Does every agreement have a surrounding matrix of fact?

Correct Answer
Answered by ExamLex AI
In legal terminology, the phrase "surrou...
View Answer

Exam 5: Privity

Innominate terms as well as being distinct from conditions and warranties have their own distinct set of corresponding remedies.

Correct AnswerverifiedShow Answer

Which of the following best describes an innominate term?

Correct AnswerverifiedShow Answer

Terms may be implied into a contract simply by virtue of being customarily used by the contracting parties or their trade.

Correct AnswerverifiedShow Answer

What are the five rules of 'common sense' of 'purposive' interpretation?

Correct AnswerAnswered by ExamLex AIThe five rules of 'common sense' of 'pur...View AnswerShow Answer

Does every agreement have a surrounding matrix of fact?

Correct AnswerAnswered by ExamLex AIIn legal terminology, the phrase "surrou...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The five rules of 'common sense' of 'pur...
View Answer

Correct Answer
Answered by ExamLex AI
In legal terminology, the phrase "surrou...
View Answer