Asked by Sharon Talwar on Apr 27, 2024

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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.
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Verified Answer

KZ
Krystal ZhangMay 01, 2024
Final Answer :
True
Explanation :
Implied-in-fact conditions are not explicitly stated but are understood by the parties involved to be part of the agreement, based on the nature of the agreement and the circumstances surrounding it. They must occur for the contract to be fulfilled.