Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements is/are correct: A. In certain contracts, terms will be implied by statute law without the consent of the parties. B.

Which of the following statements is/are correct:

A. In certain contracts, terms will be implied by statute law without the consent of the parties. B. A term may be implied into a contract by a Court to clarify a term misunderstood by one party to the contract. C. A term may be implied into a contract by a Court if it is of the view that parties intended to make a contract, ie to give effect to the intentions of the parties. D. A term may be implied into a contract by a Court to give "business efficacy" to a contract, to make a contract accord with business custom and usage, or from a previous course of dealings, but only where the term is not be inconsistent with the express contract terms.

Group of answer choices

All of A, B, C and D.

A, B and C.

A, B and D.

A, C and D.

Only D.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

14th Edition

1292209178, 9781292209173

More Books

Students also viewed these Accounting questions