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The rights attached to the contract persist for longer; for example, it is an implied term of the contract that the goods are of merchantable quality and whether this is satisfied might not become known for some time after the check out transaction.
When a contract is terminated, the future rights and obligations of all parties cease, but the contract itself remains in existence in the sense that the rights and liabilities arising prior to termination may still be pursued. Where appropriate, damages are assessed on the basis of the contract and some terms may still be enforced (Pentony, Graw, Lennard & Parker, 1999)...
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