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14 Jan

CT 2.4A IMPLIED TERMS (INTRODUCTION)

IMPLIED TERMS.

Initially, at common-law the principle of caveat emptor (buyers beware) applied. As time and commercial transactions evolved, certain terms became necessary. Section 12-15 of the act implies certain conditions and warranties to a contract for the sale of goods to protect gullible buyers.

  • 12(1)
  • Quiet possession. 12(2).
  • Freedom from encumbrances. 12(3)
  • 13.
  • Fitness for purpose 14(1)
  • Merchantable quality. 14(2).

Sale by sample. 15.

Isochukwu

Quite eccentric really

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