题目

A (1) ___________is a vital term, going to the root of the contract, breach of which entitles the injured party to treat the contract as (2)___________ and claim (3) ___________ . A (4) ___________ is a term (5)___________ to the main purpose of the contract. The consequence of a term being classified as innominate is that the court must decide what is the actual effect of its (6) ___________ . 

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Chapter5Contentofcontracts

A condition is a vital term, going to the root of the contract, breach of which entitles the injured party to treat the contract as discharged and claim damages . A warranty is a term  subsidiary to the main purpose of the contract. The consequence of a term being classified as innominate is that the court must decide what is the actual effect of its breach  . 

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 Inside information is '_____________' relating to a _____________ of securities that are price-affected and not to securities generally.  

 Liquidation means that a company must be ___________ and its affairs wound up. 

 Under model articles directors are authorised to m___________ the b___________  of the company, and e___________  the p___________  of the company.  

Distributable profits may be defined as ___________ profits less ___________ losses. 

A private company does not need to apply to the court to reduce its share capital if it supports its ___________ with a  ___________ . 

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