Asked by Sayuri Yamane on Apr 28, 2024
Verified
Conditions that are not explicitly stated, but are inferred from the nature and language of the contract, are known as ________ conditions.
A) Express
B) Implied
C) Conditional
D) Concurrent
E) At large
Implied Conditions
Terms and stipulations that, although not expressly stated, are understood to be part of a contract based on the nature of the transaction.
- Differentiate among express, implied, and conditional contracts regarding their enforcement mechanisms.
Verified Answer
NB
Norma BejaranoMay 02, 2024
Final Answer :
B
Explanation :
Implied conditions are those that are not directly stated in the contract but are understood to exist based on the nature of the agreement and the context in which it is made. These conditions are assumed to be intended by the parties and are derived from the essence of the contract itself.
Learning Objectives
- Differentiate among express, implied, and conditional contracts regarding their enforcement mechanisms.