A Term in a Contract That Can Reasonably Be Supplied

question 50

Multiple Choice

A term in a contract that can reasonably be supplied by the courts is referred to as a(n) ________.

• A) intent term
• B) unconditional term
• C) objective term
• D) implied term

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Definitions:

Forecasts

Forecasts are predictions or estimates of future events or trends, based on analysis of existing data and modeling.

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using known variables to predict future cash flows, asset values, and withdrawal plans.

Treasurer

An official responsible for overseeing the management of a company's or organization's finances.

Chief Financial Officer

An executive at a high level tasked with overseeing a corporation's financial activities, which encompasses financial strategizing, managing risks, and maintaining financial records.