to have known by virtue of the previous transaction.

Statutory implied terms

Example:

ACL's (Australian Consumer Law) implied terms in consumer contracts are intended to protect the buyer, and there is an implied term in every contract for the sale of goods. Conditions of ownership by the seller, implies the right to sell these goods to the buyer:

* Provided that the goods will be as described.
* Provided that the goods will be of merchantable quality.
*

1.Previous
3.Next