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Business Law ConcentrateLaw Revision and Study Guide

Business Law Concentrate: Law Revision and Study Guide (4th edn)

James Marson and Katy Ferris
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date: 03 October 2022

p. 474. Contract III: contractual terms and statutory protectionlocked

p. 474. Contract III: contractual terms and statutory protectionlocked

  • James MarsonJames MarsonPrincipal Lecturer in Law, Sheffield Hallam University
  •  and Katy FerrisKaty FerrisAssistant Professor in Business Law, University of Nottingham

Abstract

Each Concentrate revision guide is packed with essential information, key cases, revision tips, exam Q&As, and more. Concentrates show you what to expect in a law exam, what examiners are looking for, and how to achieve extra marks. This chapter discusses contractual terms and statutory protection. Parties to a contract may express terms and/or terms may be implied. The sources and effects of implied terms are essential to the rights of the parties and obligations imposed on them. Terms can be implied through the courts, through customs, and from statute. Terms are identified as conditions, warranties, or innominate and this distinction is relevant when identifying remedies for breach. Statutes regulate the rights and obligations applicable to consumers and traders. These include the Sale of Goods Act 1979, the Unfair Contract Terms Act 1977, and the substantial changes in contracts between consumers and traders introduced through the Consumer Rights Act 2015.

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