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Contract Terms

Conditions, Warranties and Their Remedies

  • 4 things to know
  • Paper 3

Overview

Recall questions on the definition of a condition and of a warranty and on what remedy follows the breach of each.

What you need to know

Answer each one before you reveal it.

Your recallNot started
Key term

Define a condition in contract law.

Key term

Can an innocent party terminate a contract for breach of warranty?

Key term

What remedy is available if breach of an innominate term has only minor consequences?

Process

What remedies follow breach of a condition, and what is a warranty and its remedy?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    Define a condition in contract law.

    Model answer

    A condition is a fundamental term of the contract that goes to the root of the agreement.

  2. 2

    What remedies are available to the innocent party when a condition is breached?

    Model answer

    The innocent party is entitled to terminate the contract and claim damages.

  3. 3

    Define a warranty in contract law.

    Model answer

    A warranty is a minor term of the contract that is ancillary to the main purpose of the agreement.

  4. 4

    What remedy is available to the innocent party when a warranty is breached?

    Model answer

    The innocent party may claim damages only; there is no right to terminate the contract.

  5. 5

    Can an innocent party terminate a contract for breach of warranty?

    Model answer

    No, breach of a warranty entitles the innocent party to claim damages only, with no right to terminate.

  6. 6

    What is an innominate term?

    Model answer

    An innominate term is a term that cannot be classified in advance as either a condition or a warranty.

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