Contract Clause - Law Dictionary Search Results
contract clause
Matched in: Term contract clause
Goods
in the Sale of Goods Act, sale of timber agreed to be severed under the terms of the contract may be regarded as sale of goods, State of Maharashtra v. Champalal Kishanlal Mohota, AIR 1971 SC 908: … AIR 1977 SC 687: (1977) 2 SCC 77: (1977) 2 SCR 149. The term 'goods' is defined in clause (7) of s. 2 of the Sale of Goods Act as follows: Goods means every kind of movable
freedom of contract
Matched in: Term freedom of contract
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frustration
state or an instance of being frustrated c : something that frustrates 2 : a common-law doctrine of contract law: parties to a contract may be excused from performance even though performance is still possible if the … the fault of either party called also frustration of purpose frustration of the venture compare cause, force majeure clause, impossibility, impracticability NOTE: In order for frustration to be used as a successful defense to a breach of
escalator clause
Matched in: Term escalator clause
condition
occurrence or nonoccurrence determines the rights or obligations of a party under a legal instrument and esp. a contract ;also : a clause in the instrument describing the act or event and its effect concurrent condition :
Seller
selling under the contract unless there is anything in the context suggesting otherwise. There is nothing in the clause requiring one to read the word 'sellers' to mean the original sellers and not the sellers under the … Seller, in a contract for sale of goods, the word 'seller' must obviously refer to the party selling under the contract unless
merger clause
Matched in: Term merger clause
zipper clause
Matched in: Term zipper clause
Proviso
An article or clause in any statute agreement contract grant or other writing by which a condition is introduced usually beginning with the word provided a conditional
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