Implied Terms

This entry updates: Uncategorized,

The terms of a contract include express and implied promises, conditions, provisos and presuppositions that bind the parties. Contracts often have “gaps” in them, either intentionally or unintentionally left that way by the parties. This exercise considers how courts supply terms to fill those gaps both at common law and under the UCC.

via Implied Terms | Center for Computer-Assisted Legal Instruction.


This update supplements eLangdell Contracts, Uncategorized , page: