Which of the Following Is NOT a Reason a Court

question 7

Multiple Choice

Which of the following is NOT a reason a court will imply a term into a contract?

• A)That the term follows a well-known trade custom in a particular industry.
• B)That by implying the term it would cure an obvious omission and give the contract business efficacy.
• C)The term is required by statute.
• D)That by implying the term it would make a fairer bargain.

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Definitions:

Imputed Interest

The interest rate that is considered or assumed in the calculation of the cost of a decision, not explicitly paid.

Residual Income

The amount of income that an individual has after all personal debts and expenses have been paid from his or her earnings.

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculated as net profit divided by the initial cost of investment.

Return On Investment

A financial metric used to evaluate the efficiency or profitability of an investment, calculated as net profit divided by the cost of investment.