Beware of contracts nonsense (Record no. 74937)

MARC details
000 -LEADER
fixed length control field 01304cam a2200229 4500
001 - CONTROL NUMBER
control field ABS68787
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 050317n2005 000 0 eng u
035 ## - SYSTEM CONTROL NUMBER
System control number (Sirsi) u129083
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Klein, R.
245 ## - TITLE STATEMENT
Title Beware of contracts nonsense
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2005
490 ## - SERIES STATEMENT
Series statement Construction News
Volume/sequential designation (6907) 10 March 2005, 15(1)
520 ## - SUMMARY, ETC.
Summary, etc. Describes "Koch Hightex v New Millennium Experience Company" ([1999] EWCA Civ ?, [2000] CILL 1595) which is an example of where a clause is written which requires contractors and subcontractors to provide guarantees or bonds as a condition precedent to payment. Explains that these clauses are usually meaningless because they are not well understood and the courts will usually interpret the contract in a way that works against the party that wrote the contract. The New Millennium's payment clause was dismissed as commercial nonsense by the judge as it insisted upon Koch Hightex providing the work without payment until the necessary security was achieved.
590 ## - LOCAL NOTE (RLIN)
Local note ABS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element BUILT ENVIRONMENT-BUILDING CONTRACT FORMS
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element KOCH HIGHTEX GMBH V NEW MILLENNIUM EXPERIENCE COMPANY LTD
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element CONTRACT CLAUSES
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element GUARANTEES
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element BONDS
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element BUILT ENVIRONMENT-BUILDING CONTRACT FORMS
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC 0
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     London London Journal article 17/03/2005   ABS68787 129083-1001 06/08/2019 1 06/08/2019 Journal article