The terms of the contract define the binding promises of each party to the contract.
举一反三
- The common law of contract allows for gap－filling terms that are implied in the contract.（)
- A forward contract that must be settled by a sale of an asset by one party to the other party is termed a : A: physicals-only contract. B: deliverable forward contract. C: take-and-pay contract.
- If either party wants to renew the contract, it should submit a written notice to the other party three months prior to the expiration of the contract.
- Insurance, by definition, is a contract binding a party to______ another against loss or harm arising in specified contingencies in return for a payment called______ .
- The D terms are the arrival contract terms。（ ）