EXPRESSED TERMS
Terms which have been specifically agreed on between the parties.
IMPLIED TERMS
Not clear and definite terms
EXAMPLES OF IMPLIED TERMS
Custom and Business efficacy
CONDITION
A term so important that a failure to perform it would terminate the contract.
Innocent party has the right to end the contract by treating it as repudiation.
[POUSSARD V SPIERS & POND]
INNOMINATE TERMS
A term which can either be a condition or warranty, depending on severity.
[HONG KONG FIR V KAWASAKI]
WARRANTY
A minor term
Only damages can be claimed
Contract doesn’t end
[BETTINI V GYE]