A supplier and a retailer have a long,established relationship.Earlier contracts between them have always provided the standard "within 30 days of delivery" payment provision.A new contract makes no reference to payment terms.Which of the following would a court most likely rely on to arrive at a decision that payment is due within 30 days of delivery?

Question

Quizplus · Accepted Answer

Past dealings between the supplier and retailer would be the most relevant factor for determining payment terms in the absence of any express terms in the new contract. The court will look at how the parties have conducted business in the past and their established practices to determine an implied term for payment. The other choices may not be relevant as they do not consider the specific relationship between the parties.

A Supplier and a Retailer Have a Long,established Relationship