https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Fit_for_purposeFit for purpose - Revision history2026-06-30T02:01:34ZRevision history for this page on the wikiMediaWiki 1.40.0https://wiki.treasurers.org/w/index.php?title=Fit_for_purpose&diff=21334&oldid=previmported>Doug Williamson: Create page. Sources: Oxford Dictionary of Law, Oxford Dictionary of English.2019-04-14T18:27:39Z<p>Create page. Sources: Oxford Dictionary of Law, Oxford Dictionary of English.</p>
<p><b>New page</b></p><div>1. ''Contract law.''<br />
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Fitness for purpose is a minimum standard that must be met by a party that sells goods in the course of business.<br />
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When the buyer makes known to the seller any particular purpose for which the goods are bought, there is an implied condition in the contract that the goods are reasonably fit for that purpose.<br />
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If the goods are not fit for the purpose, the buyer can legally terminate the contract.<br />
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2.<br />
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In relation to a system or structure, 'fit for purpose' means well-suited and effective for its designated purpose.<br />
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:<span style="color:#4B0082">'''''Corporate criminal liability framework not fit for purpose'''''</span><br />
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:Meanwhile, contributors to the Treasury Committee's research described the UK's corporate criminal liability framework as 'not fit for purpose'.<br />
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:''The Treasurer magazine, Cash Management Edition April 2019, p8.''<br />
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== See also ==<br />
* [[Condition]]<br />
* [[Contract]]<br />
* [[Implied term]]<br />
* [[Misrepresentation]]<br />
* [[Treasury Committee]]<br />
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[[Category:Accounting,_tax_and_regulation]]<br />
[[Category:The_business_context]]</div>imported>Doug Williamson