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Amwelladmin (talk | contribs) Created page with "“Simple contract”s is not defined, but the context of a Limitation Act puts it in contrast to payment claims under insurance contracts — perhaps not simple..." |
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“[[Simple contract]] | “[[Simple contract]]” is not defined, but the context of a [[Limitation Act]] puts it in contrast to payment claims under [[insurance contract]]s — perhaps not simple because of the duty of [[utmost good faith]] implied in them — who knows? — and under certain loans, being those which: | ||
*do not have a fixed repayment date, ''[[and]]'' | *do not have a fixed repayment date, ''[[and]]'' | ||
*do not make the repayment obligation [[Condition precedent|conditional]] on a demand for repayment”. So, a revolving credit facility, or perhaps a bank deposit. | *do not make the repayment obligation [[Condition precedent|conditional]] on a demand for repayment”. So, a revolving credit facility, or perhaps a bank deposit. | ||
Revision as of 12:40, 7 November 2019
“Simple contract” is not defined, but the context of a Limitation Act puts it in contrast to payment claims under insurance contracts — perhaps not simple because of the duty of utmost good faith implied in them — who knows? — and under certain loans, being those which:
- do not have a fixed repayment date, and
- do not make the repayment obligation conditional on a demand for repayment”. So, a revolving credit facility, or perhaps a bank deposit.