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What conditions that are not explicitly stated but are inferred from the nature and language of the contract?
DavidLeegp8496
I am not an attorney, but I have worked with retail installment contracts primarily for 20 years. I do have limited experience with other contracts as well. I completed 2 semesters of Contract law at UNC (4.0).
The purpose of a written contract is to avoid ambiguity and misunderstandings. In my opinion, there is no room for conditions not explicitly stated. Under statutory law, a written contract is binding so long as the 4 basic elements are present. (You can look those up easily)
It is my opinion, anything not explicitly stated, but inferred might boil down to case law and precedent. If you could be more specific with your question, I might be able to further clarify.
In a nutshell, a contract that meets the legal requirements of a contract, properly executed, etc. should end all discussion, debate, and question.
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