Contract Law - Distinction between contractual terms and mere representations

What this page is about: The legal effect of a contractual term differs from that of a mere representation; accordingly, it's necessary to determine into which of these two categories fall statements made by the parties during negotiations leading to a binding contract

The legal effect of a contractual term1 differs from that of a mere representation2; accordingly, it's necessary to determine into which of these two categories fall statements made by the parties during negotiations leading to a binding contract3. Basically, the problem is one of determining the intention of the parties as evidenced by their words4 and conduct5, so that no general principle of interpretation can be universally true6. Because, however, the intention of the parties seldom clearly appears, the courts have had regard to any one or more of a number of factors for attributing an intention. These factors should be regarded as valuable, though not decisive7, tests.

The factors taken into account by the courts are as follows:

Contractual terms must also be distinguished from words of expectation or estimate, which do not form part of the contract15; such statements may not even give rise to liability as misrepresentations if they are honestly made16.

Finally, in modern times a pre-contractual statement may amount to both a misrepresentation and a contractual term17; and it may therefore be necessary to consider the position on both alternatives18. To the extent that there's now a statutory right of action for certain misrepresentations, this may render it less pressing to prove that a misrepresentation amounts to a contractual promise19.

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