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Which of the Following Best Describes an Implied Term

Question 3

Multiple Choice

Which of the following best describes an implied term?


A) It is a statement expressed by one of the parties.
B) It is sometimes inserted into a contract by a court.
C) It cannot create an enforceable legal obligation.
D) It can be used to rectify a mistake in a contractual document.
E) It is always based on the standard in the industry that the parties are engaged in.

Correct Answer:

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