Contracts
-Under common law, what would a court do if the parties to a contract omitted a term that is essential to the meaning of the contract?

Question

Quizplus · Accepted Answer

Under common law, if the parties to a contract omitted a term that is essential to the meaning of the contract, the court will supply a term which is reasonable. In determining a reasonable term, the court will use the commonly accepted term based on the subject matter of the contract or the dealings of the parties involved. The court will seek to avoid using a term that would add unreasonableness to the contract.

Contracts -Under Common Law, What Would a Court Do If the the Parties