An 'Implied Term' Is

question 26

Multiple Choice

An 'implied term' is:

• A)A statement of fact.
• B)A term of a contract explicitly agreed upon by the parties.
• C)A term included in a contract as a result of the operation of a certain legal rule although not necessarily discussed by the parties.
• D)A term incorporated into the contract by the operation of legislation.

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Definitions:

Litigation

The process of taking legal action or bringing a lawsuit in a court of law to resolve a dispute.

ADR Procedures

Alternative Dispute Resolution methods, which include mediation and arbitration, aimed at resolving disputes without litigation.

Settlement Week

An ADR technique in which the court clears its docket of all business except settlement hearings.

Arbitration Session

A meeting where a neutral third party hears disputes from involved parties and makes a decision to resolve the issue.