Question

Is the past performance of the parties under a continuing contract important in determining what the contract means?

1) Yes
2) No

Answer 1

Yes, the past performance of the parties under a continuing contract is important in determining what the contract means.

Step-by-step explanation:

Yes, the past performance of the parties under a continuing contract is important in determining what the contract means. The past performance provides a track record of how the parties have fulfilled their obligations and acted in the past, which can help interpret the intentions and expectations of the contract. For example, if one party consistently delivered late or provided subpar work in the past, it may suggest that the contract should include stricter deadlines or quality requirements.