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Multimodal transport contract

Multimodal transport contract, means a contract entered into by the consignor and the multimodal transport operator for multimodal transportation. [Multimodal Transportation of Goods Act, 1993 (20 of 1993), s. 2 (l)]

Implied contract

Implied contract. A contract which the law infers, from acts, circumstances, or relationships, as that an employer will pay the person employed what his labour was worth; or, as in Francis v. Cockrell, (1870) LR 5...

Foreign exchange derivative contract

Foreign exchange derivative contract, means a financial transaction or an arrangement in what-ever form and by whatever name called, whose value in derived from price movement in one or more underlying assets, and includes:- (a) a...

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Executed contract

Executed contract, where nothing remains to be done by either party, and where the transaction is completed at the moment that the agreement is made, as where an article is sold and delivered, and payment therefor...

Commodity contract

Commodity contract, means a contract for the sale of goods regularly dealt with on a commodity market or exchange in England or Wales which is specified for the purpose of this section by an order made...

Entire contract

Entire contract, a contract wherein everything to be done on the one side is the consideration for everything to be done on the other. See CONTR-ACT.

Deposit pre-contract

Deposit pre-contract, means any sum paid by any person as an earnest of his intention to acquire an interest in land or towards meeting any liability which will arise if he acquires or enters into an...

Contract, freedom of

Contract, freedom of. Modern legislation has fre-quently interfered with freedom of contract, as, e.g., by invalidating contracts, as, e.g., by invalidat-ing contracts exempting railway companies from their liabilities as carriers of goods by the 7th s....

Contract, breach of, inducement of

Contract, breach of, inducement of. In the case of seamen it is by s. 236 of the (English) Merchant Shipping Act, 1894, an offence to persuade or attempt to persuade seamen or apprentices to desert or...

Contract of guarantee

Contract of guarantee, in relation to any hire-purchase agreement, means a contract whereby a person (in this Act referred to as the surety) guarantees the performance of all or any of the hirer's obligations under the...

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