CIPS Team Dynamics and Change L3M4 Question # 40 Topic 2 Discussion
L3M4 Exam Topic 2 Question 40 Discussion:
Question #: 40
Topic #: 2
In contracts, implied terms play a crucial role in defining the rights and obligations of parties, even when not expressly stated in the contract. Which of the following are potential examples of implied terms? Select TWO that apply.
A.
Terms that are incorporated by reference to another contract document, such as a technical specification
B.
Terms that are inferred by the courts based on general legal principles, ensuring parties act honestly and fairly in their contractual dealings
C.
Terms that are not fundamental but the breach of which entitles the innocent party to claim damages without the right to terminate the contract
D.
Terms that are fundamental to a contract, the breach of which may give rise to the right to terminate the contract
E.
Terms that are imposed by law to ensure a minimum standard of quality or performance in certain types of contracts
Chosen Answer:
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