Essay About Contents Pagedefinition Of Goods                                                3Supply Of Goods And Business Contract Terms

Business Contract Terms and Remedy
[pic 1][pic 2]Contract Terms & Remedies[pic 3][pic 4][pic 5]Contents PageDefinition Of Goods                                                3Supply Of Goods & Services                                5Implied Terms For The Supply of Goods                6and Services, Work & MaterialsFalse Trade Descriptions                                        7Remedies Available to the Parties to                9a contract        Unfair Contract Terms Act 1977                        12Application of Remedies                                        14Bibliography                                                                18[pic 6][pic 7]These days many contracts are concerned with agreements between businesses, many others are made between a business and a member of the public. Hopefully by the end of this report, I will have covered and understood the meaning and effect of terms in a standard form contract and also talk about remedies available to parties to contract.“A Piece of legislation which controls contracts and protects consumers”.                                Definition of Sales of GoodsDefinition of GoodsS2(1) of the Sale of Goods Act 1979 defines a contract of the sale of goods as one by which the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration called “Price”.Implied TermsParties are generally free to agree between themselves the details of their contract. But the act automatically includes a series of conditions in every contract for the sale of goods dealing with:TitleDescriptionFitnessSatisfactory QualityAll of these are known as implied terms and they are dealt with in sections 12 to 15 of the Sale of Goods Act 1979.TitleIn S12(1) there is an implied condition on the part of sellers then they have the right to sell the goods. For example, a car dealer impliedly confirms that the cars it sells actually belong to it and that it can legally pass ownership (title) to another person. If sellers cannot pass good title (the right of ownership) to buyers, they will be liable for breach of a contract. Description