Because a Party Is Never Successful in Litigation Where Reliance

question 61

True/False

Because a party is never successful in litigation where reliance is made on trade customs to imply a term into a contract, the more prudent course is to ensure that all important terms are explicitly recited.

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Definitions:

Fiscal Policy

Government policies related to taxation and public spending with the aim of influencing economic conditions, including growth, inflation, and unemployment rates.

Legislation

Laws and statutes that are enacted by a legislative body through its legislative process.

Marginal Propensity

The portion of additional income that an individual spends on consuming goods and services, as opposed to saving.

Multiplier

An economic factor that quantifies the impact of a change in investment, government spending, or other economic variables on the overall economy, often leading to a multiple increase in income or output.