Question

A vague term in a contract can be cured by:

A the presumption that the parties' intent was to include a reasonable term

B gap fillers

C part performance

D quantum meruit

Answer 1

A vague term in a contract can be cured by using gap fillers, part performance, or quantum meruit.

Step-by-step explanation:

In contract law, a vague term refers to a provision or language in a contract that is unclear and open to different interpretations. When a vague term is present, it can be cured or clarified through different methods:

1. Gap fillers: These are legal principles or default rules that courts use to fill in the gaps and provide missing terms or provisions in a contract.
2. Part performance: If one party has already started performing their obligations under the contract, it can help clarify the meaning and intent behind a vague term.
3. Quantum meruit: This is a legal doctrine that allows for the recovery of a reasonable amount of compensation for services rendered when there is no specific contract.

By applying these methods, the parties or the court can resolve the ambiguity and provide a clearer understanding of the contract.