Rights and obligations under a contract

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Reference no: EM13284992

When interpreting the parties' rights and obligations under a contract, courts look to the terms of the contact are must follow the plain meaning of the words used in the contract. Discuss how past "course of dealing" between the parties as well as "usage of trade" and "industry standards" may be used by the courts to supplement or explain the terms of a contract. Give an example.

Reference no: EM13284992

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