Which of the Following Allows a Judge to Imply Terms

question 12

Multiple Choice

Which of the following allows a judge to imply terms in a contract in order to make it workable?

• A) the doctrine of business efficacy
• B) the doctrine of business efficiency
• C) the common law good faith rule
• D) the common law parole evidence rule

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Definitions:

Time-Weighted Return

A method to measure the rate of return of an investment portfolio which eliminates the distorting effects of inflows and outflows of money.

Dividend

Dividend represents the distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Share

A unit of ownership in a company or financial asset, often traded on a stock exchange.

Arithmetic Average Return

The simple average of a series of returns over a period of time, calculated by summing the returns and dividing by the number of periods.