1) The purpose is to explain to the reader the background to the transaction. a) Definitions b) Conditions precedent c) Appendices d) Recital 2) Form part of the substance of the contract since they prescribe that certain words and phrases shall mean certain things a) Signature section b) Definitions c) Boilerplate clauses d) Appendices 3) One important consequence of this fact is that is therefore not subject to the parol evidence rule a) Recital b) Agreements c) Conditions precedent d) Definitions 4) This section contains the rights and obligations of the parties. This part reflects the heart of the deal struck between the parties. a) Recital b) Definitions c) Agreements d) Appendices 5) They relate to issues that are to do with the way in which the contract works rather the heart of the deal itself a) Recital b) Conditions precedent c) Definitions d) Boilerplate clauses 6) The parties’ names are usually printed together with the date of the contract, and the parties must then add their signatures to the contract. a) Signature section b) Recital c) Appendices d) Definitions 7) These may simply be put there because they are useful reference material for the parties. a) Conditions precedent b) Boilerplate clauses c) Appendices d) Definitions 8) This section may also specify that a shortened name will be used in the remainder of the contract to denote each of the parties. a) Names and addresses b) Reminders c) Appendices d) Representations and warranties 9) This section contains promises by one or other party that a given statement or set of facts is true. a) Recital b) Representations and warranties c) Definitions d) Appendices

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