Business Efficacy In Contract Law
The principle of business efficacy is normally invoked to read a term in an agreement or contract so as to achieve the result or the consequence intended by the parties acting as prudent businessmen.
Business efficacy in contract law. It is the prerogative of the contracting parties that the consequence intended by them while entering into the contract is achieved even though the terms of. The principle of business efficacy is normally invoked to read a term in an agreement or contract so as to achieve the result or the consequence intended by the parties acting as prudent businessmen. The classic test of business efficacy was proposed in moorcock 1889 lr.
Conditions for applying business efficacy the principle has now well established confines for its applicability.
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