Chapter 5: Understanding Contracts

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This chapter will assist you in understanding contracts, including what a contract is, the different types of contracts, what is in a contract and how a contract can end. Information will also be provided on leases such as the obligations of a lessee and information needed before signing a lease.

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5.1 What is a Contract?

5.2 Different Types of Contracts

5.3 What is in a Contract?

5.4 Bringing a Contract to an End

5.5 Leases

5.6 Obligations of Warranties and Guarantees