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What is an implied term?

MCA Oral Exam Questions
Typography

A contractual term which is not agreed to by the parties in words, but which is deemed to exist in the contract either because the courts regard it as necessary to give effect to the presumed intentions of the parties, or because of some statutory requirement. For example, there is an implied term in a contract of carriage of goods by sea that the carrier will provide a seaworthy ship.

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