What is the ratio in Schuler v Wickman Machine Tool Sales?

The use of the word 'condition' in a contract does not automatically make a term a condition in the legal sense - courts must examine the parties' true intentions.

What did the court decide in Schuler v Wickman Machine Tool Sales?

The House of Lords held that despite being labelled a 'condition', the term did not justify termination for minor breaches.

Why is Schuler v Wickman Machine Tool Sales important for contract law?

It establishes that substance prevails over form in classifying contractual terms, preventing parties from circumventing legal principles through mere labelling.

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