First Principles of Business Law
Quiz: The contents of a contract

Question 4

 

 

Which one of the following is an accurate statement of Australian law? 

(a)  ‘Conditions’ are the terms of a contract whereas ‘warranties' are statements that do not become terms of the contract.

(b)  Both ‘conditions’ and ‘warranties’ are terms of a contract - ‘warranties’ are the more important terms of the contract and ‘conditions’ are the less important terms.

(c)  Both ‘conditions’ and ‘warranties’ are terms of a contract - ‘conditions’ are the more important terms of the contract and ‘warranties’ are the less important terms.

 

 

 

 

 

 

 

 

  

 

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