implied terms
The seller of goods and services must give certain implied terms. For goods these are satisfactory quality, fitness for purpose, conformity with sample or description and the right to sell the goods. Such implied terms can be excluded or restricted except where the law prohibits it. It is not normally possible to reduce the statutory legal protection of consumers.

Easyform Glossary of Law Terms. — UK law terms.


implied terms
Where a contract fails to address certain issues, the courts may imply terms into the contract, for example in relation to the goods being of satisfactory quality.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • implied terms — подразумеваемые условия договора. В странах общего права нормы, которые регулируют те или иные аспекты отношений сторон по договору, если стороны не договорились об ином. См. gap filling law …   Glossary of international commercial arbitration

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  • Implied Contract — A legal substitute for a contract. An implied contract is an agreement created by actions of the parties involved, but it is not written or spoken. This is a contract assumed to have been drawn. In this case, there is no written record nor any… …   Investment dictionary

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  • Implied Volatility - IV — The estimated volatility of a security s price. In general, implied volatility increases when the market is bearish and decreases when the market is bullish. This is due to the common belief that bearish markets are more risky than bullish… …   Investment dictionary

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  • Implied Call — A right given to mortgage borrowers that allows them to call or pay back a loan at any time. The call is implied, as it is included in most mortgages unless specified otherwise. The implied call allows a borrower to refinance a mortgage when… …   Investment dictionary

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