ABSTRACT
The areas where contracts get into difficulties are often fairly predictable. This chapter therefore deals with the law relating to three of the most difficult areas in contracts - areas where argument and dispute are always likely. In the commercial contract all contract obligations must be completed by the time stated in the contract. If no time is stated in the contract then the obligation must be completed within a reasonable time. The law has always been that the time promise, for delivery of equipment or completion of work, is a major term of the commercial contract. If a contractor takes a contract to carry out work, or supply equipment or complete the erection/commissioning of equipment on site, by a stated date or within a fixed period, in the absence of any qualification of that statement the date or period will be a contract condition.
