Contract Concepts Flashcards

(4 cards)

1
Q

Contracts (Rights of Third Parties) Act 1999

A

Third party still cannot be subject to burden of a contract
Can benefit if contracts expressly provides or purports to confer a benefit
Certain contracts excluded by section 6
Common law exceptions still apply by section 7

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2
Q

Does the misrep have to be the only inducement?

A

No, must be an inducement (JEB Fasteners v Marks Bloom) but need not be only inducement (Edgington v Fitzmaurice)

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3
Q

Misrepresentation Act 1967

A

Defines misrep as a false statement, no reasonable grounds to believe its truth.
Governs damages.
Burden on statement-maker to prove reasonable grounds for belief in the truth of the statement.
Cannot exclude liabilites for misrep unless reasonable under UCTA/CRA.

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4
Q

Steps to dealing with a misrep claim

A

1) Identify the statement.
2) Is it actionable?
3) Is it fraudulent, negligent, or innocent?
4) What are the remedies?
5) Defences? Exclusion clause? Contributory negligence?

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