ABSTRACT
All the contracts we have already looked at involve the supply of goods in one form or another. However, many business contracts are for the supply of services: travel, cleaning, removals, exhibitions, banking, loans, insurance, etc. The basic framework of such a contract is contained in the common law. However, the Supply of Goods and Services Act 1982 implies some important terms into such contracts. If the contract involves credit or loan facilities, it may also be governed by the Consumer Credit Act 1974. (This Act does not simply apply to the normal ‘consumer’; it can apply to a trader or a partnership but not a company.) The credit granted must not exceed £25,000, otherwise the common law, not the Act, applies. There are also some special rules which apply to the other types of contract, particularly contracts of insurance.
