Oral Evidence to "Fill in the Gaps" of a Contract

question 20

True/False

Oral evidence to "fill in the gaps" of a contract with incomplete terms can be introduced at a trial.

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Definitions:

Supply of Electricity

The total amount of electricity that is available for consumption or use by end users.

Regulated Monopoly

A market structure where a single firm dominates the market but is controlled or regulated by the government to protect consumers' interests and ensure fair pricing.

Monopolistic Competition

Market structure in which large numbers of buyers and sellers exchange heterogeneous products so each participant has some control over price.

Homogeneous Product

A product that is virtually indistinguishable from the same products offered by different suppliers in the market.