- 1 Marks
Question
Under law of contract, fundamental terms which are very essential to the contract are referred to as
A. Warranties
B. Guarantees
C. Conditions
D. Exceptions
E. Exclusions
Answer
C. Conditions
Explanation: The correct answer is C, Conditions. In contract law, conditions are the fundamental terms that are crucial to the existence of the contract. If these conditions are not fulfilled, it may lead to the termination of the contract or non-performance by the parties involved.
- Tags: Conditions, Contract Law, Fundamental Terms, Legal obligations
- Level: Level 1
- Topic: Law of Contract
- Series: MAR/JULY 2020
- Uploader: Theophilus