In Interpreting a Contract, a Court Will Give Greater Weight

question 26

True/False

In interpreting a contract, a court will give greater weight to the course of performance between the parties than to the express terms.

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Definitions:

Spot Price

The current market price at which a particular asset, like a commodity, currency, or security, can be bought or sold for immediate delivery.

Futures Price

The agreed-upon price for a financial instrument or commodity to be sold or bought at a future date, used primarily in futures contracts trading.

Convergence Property

The characteristic of a mathematical series or economic model to approach a limit or a stable point over time.

Maturity

The date on which the principal amount of a bond, loan, or other financial instrument becomes due and is to be paid in full.