Implied Terms Flashcards
When will a court imply a term into a contract?
If it is necessary to give the contract business efficacy.
How can terms be implied based on industry practices?
Terms may be implied based on custom and usage in the industry or market standard for the relevant field.
What else can lead to implied terms in a contract?
Terms may also be implied based on a regular and consistent course of dealings between the parties.
What happens if a contract is too vague or incomplete?
If a contract is so vague that a court cannot determine the parties’ intentions, the court will not enforce it.
Can a court enforce a contract if part of it is uncertain?
Yes, the court may sever the uncertain part and enforce the rest of the contract if it doesn’t affect the whole.