Asked by Sharon Talwar on Apr 27, 2024
Verified
Implied-in-fact conditions must fully and literally occur, and they are understood by the parties to be part of the agreement.
Implied-in-Fact Conditions
Terms and conditions in a contract that are not expressly stated but can be inferred from the nature of the agreement and the actions of the parties involved.
Literally Occur
An event or action that takes place exactly as described or indicated without metaphor or exaggeration.
Agreement
A mutual understanding or arrangement between two or more parties outlining their respective rights and duties.
- Interpret the role and fulfillment of conditions (express, implied-in-fact, and implied-in-law) in contract discharges.
Verified Answer
Learning Objectives
- Interpret the role and fulfillment of conditions (express, implied-in-fact, and implied-in-law) in contract discharges.
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