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Study notes

Written and reviewed by subject experts from the same material the questions were written from. Read a note, then practise the questions it teaches.

Notes on 58 of 84 objectives.

Business Law

13 mins read · 13 questions

Explain the parol evidence rule and its exceptions.

13 mins read · 13 questions

Distinguish unilateral from bilateral contracts, with examples.

14 mins read · 20 questions

Distinguish valid, void, voidable and unenforceable contracts, and executed from executory contracts.

14 mins read · 21 questions

Distinguish terms from mere representations, and express terms from implied terms.

13 mins read · 6 questions

Distinguish conditions, warranties and innominate terms, and the remedies for breach of each (Poussard v Spiers; Bettini v Gye; Hong Kong Fir Shipping v Kawasaki).

13 mins read · 17 questions

Explain terms implied by the courts (business efficacy, The Moorcock; the officious bystander test), by custom and by the parties' course of dealing.

14 mins read · 15 questions

Explain terms implied by statute, including the implied terms as to title, description, quality and fitness for purpose under the Sale of Goods Act, 1962 (Act 137).

13 mins read · 7 questions

Define exemption clauses and classify them: implied-term modifying clauses, liability-limiting clauses, litigation-limiting clauses and restrictive covenants.

14 mins read · 14 questions

Explain how exemption clauses are incorporated: by signature (L'Estrange v Graucob), by reasonable notice given at or before contracting (Olley v Marlborough Court; Thornton v Shoe Lane Parking) and by course of dealing.

14 mins read · 14 questions

Apply the rules of construction: the reasonableness rule, the contra proferentem rule, the repugnancy rule and the four-corners rule.

15 mins read · 9 questions

Explain the relationship between fundamental breach and exemption clauses (Photo Production v Securicor).

13 mins read · 9 questions

Explain the general rule that mistake rarely affects a contract, and the effect of an operative mistake (the contract is void ab initio).

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