What is the term for a condition that is not stated in the contract but is created by the nature of the transaction between parties?
A)Express condition
B)Implied-in-fact condition
C)Corporate condition
D)Bilateral condition

Question

Quizplus · Accepted Answer

A condition that is not specified in the contract of the parties but is created by the nature of their transaction is called an implied-in-fact condition.

What Is the Term for a Condition That Is Not