Template:Simplecontract

Revision as of 12:40, 7 November 2019 by Amwelladmin (talk | contribs)

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.