When a party fails to perform in compliance with an implied term,the courts would recognize its existence and enforce the contract as though it had been an express term.

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The statement is true. If a party fails to perform in compliance with an implied term, the courts would recognize its existence and enforce the contract as though it had been an express term. Implied terms are those that are not explicitly stated in the contract but are understood to be necessary for the contract's operation. The courts will imply these terms based on the nature of the contract, the intentions of the parties, and the surrounding circumstances.

When a Party Fails to Perform in Compliance with an Implied