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A 'Statutory Term' Is Most Accurately Described As

Question 43

Multiple Choice

A 'statutory term' is most accurately described as:


A) a statement of fact.
B) a term of a contract explicitly agreed upon by the parties.
C) a term included in a contract as a result of the operation of a certain legal rule although not necessarily discussed by the parties.
D) a term incorporated into the contract by the operation of legislation.

Correct Answer:

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