CIPS Managing Contractual Risk L5M3 Question # 5 Topic 1 Discussion

CIPS Managing Contractual Risk L5M3 Question # 5 Topic 1 Discussion

L5M3 Exam Topic 1 Question 5 Discussion:
Question #: 5
Topic #: 1

Fishfingers Ltd has a contract with a supplier of cod. When the contract was set up it was not known how important specific delivery times would be for the arrival of the fish. After several months it has now become apparent that delivering the fish within 3 hours of them being caught is fundamental to the contract as delayed delivery results in poorer quality Fish Fingers. When the contract was set up what was the delivery times?


A.

a condition of the contract


B.

a warranty


C.

an innominate term


D.

a time is of the essence clause


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