__________ represents a pattern of performance between the parties to a contract.
A) Course of dealing
B) Usage of trade
C) Course of trade
D) Usage of dealing

Question

Quizplus · Accepted Answer

Course of dealing and usage of trade are both types of patterns of behavior between parties to a contract that may be considered when interpreting contractual terms.

Course of dealing refers to the parties' past behavior and their previous interactions in previous contracts or transactions. This can include things like how they have interpreted certain terms in the past, how they have performed their obligations, and how they have communicated with each other.

Usage of trade refers to the common practices and customs specific to that particular industry or trade. For example, certain types of warranties or disclaimers may be considered common in one industry but not in another.

Together, these two patterns can help to establish the parties' expectations and understanding of the terms of the contract, and can be used to interpret or supplement the written terms of the agreement.

__________ Represents a Pattern of Performance Between the Parties to a Contract