Management and Organizational Studies 2275A/B Chapter Notes - Chapter 7: Contract Clause, Drafter

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Philip King

Document Summary

Express term: a provision of a contract that states a promise explicitly. Guiding principles for interpreting or constructing the terms of a contract. Implied terms: a provision that is not expressly included in a contract but that is necessary to give the effect to the parties" intention. A judge is entitled to imply terms necessary to make the contract workable. If parties have contract in the past, it may be possible to imply that their current contract contains the same terms. Specialized rules governing the sale of goods and the extent to which consumer transactions can exclude their application. A term in a contract in which the parties agree that their contract is complete and written. Awarding one party a reasonable some for the goods or services provided under a contract A rule that limits the evidence a party can introduce concerning the contents of the contract. Three situations when evidence outside the contract is important and considered: