What Terms Might a Court Imply into a Contract Which

question 3

Multiple Choice

What terms might a court imply into a contract which allows one party to exercise a discretion and make decisions which affect the interests of the other

• A) The party will not exercise the discretion arbitrarily.
• B) The party will not exercise the discretion irrationally
• C) The party will exercise the discretion in good faith.
• D) The party will exercise the discretion honestly.

---

Definitions:

Timer Tag Name

A label or identifier assigned to a timer to distinguish it within a system, especially in programming contexts.

TOF Timer

A timer off-delay instruction in PLC programming, which delays turning off an output for a specified time after its input becomes false.

Rung Conditions

In ladder logic programming, these refer to the criteria or states that must be met for the logic within a rung of a ladder diagram to be executed.

Time Increment

A specified increase in time, used in scheduling, simulations, or time-based calculations.