Terms of a contract implied by fact seek to give effect to what?
A) Supervening legal principles
B) Contract amendments the parties wish to make to an existing contract
C) Defects in the contract that are claimed by one party
D) The objective intentions of the parties to the contract

Question

Quizplus · Accepted Answer

Terms of a contract implied by fact seek to give effect to the objective intentions of the parties to the contract. These terms are not explicitly stated in the contract but are necessary to give business efficacy to the contract. They are often based on the conduct of the parties and the circumstances surrounding the contract.

Terms of a Contract Implied by Fact Seek to Give