Review Paper
Year: 2020 | Month: August | Volume: 7 | Issue: 8 | Pages: 49-59
Critical Analysis of the “Implied Term” of a Contract Set Out in Sale of Goods Act 1979 in 1995
Isaac Olaitan Okeya1, David Funso Dare2, Abiodun Thomas Ogundele3
1Management Consultant Liverpool, England, Former Dean Faculty of Management Sciences, College of Technology, Esa Oke, Nigeria and Former Controller Owena Bank plc Nigeria.
2Senior Lecturer, Department of Banking and Finance, Adekunle Ajasin University, Akungba Akoko, Nigeria.
3Lecturer, Department of Banking and Finance, Afe Babalola University, Ado Ekiti, Nigeria.
Corresponding Author: Isaac Olaitan Okeya
ABSTRACT
This paper centred, among many other things, matters which broadly affect the standard of goods in relation to the concept of satisfactory quality introduced into the Sale of Goods Act 1979 in 1995, and its subject matter, the most and primary focus which will be the ‘’ Implied Term’’ of a contract. This paper considered comments from various authors, precedent old and recent cases, as well as Law Commission Report. It is pertinent to mention that Commonwealth/non commonwealth countries have adopted the Act for all trades between themselves and UK. One of the good things about the Sale of Goods Act is its clarity and the shortness of the Act itself. It is easy to read and understood. Also it is important to briefly note here the aspects of UK contract of law relevant to international business –Sale of Goods Act 1979, Sale and Supply of Goods Act 1994, Unfair Contract Terms Act 1977, general contractual issues relevant to business, such as discharge of a contract, frustration and privity of contract.
Keywords: Sale of Goods Act, Consumer Rights Act, Law Commission Report, Unfair Contract Terms Act and Implied Term.
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