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R esearch on th e Im p lied T erm s in C on tractL aw

YANG Sheng2kun
Abstr act: In common law system, the im p lied term s aim to so lve lo opholes in contrac.t The m
i plied
term s can be c lassif ied in to: term s im p lied in fac;t term s im plied by law and term s im p lied by custom. T erm s
im plied by law can be subdiv id ed in to term s im plied in case law and by statu te. It can be seen from the above
category that the court has chosen a substan tial thin king pattern o f law - econom ics, in wh ich the traditio na l
th eory of norm a tiv e im p lied term s has been sim plified so does people. s thoughts. F rom the substant iv e per2
spectiv e, the im plied term s system does ex ist in our contract law but in lack o f system at ic research and im 2
provem en.t
K ey w ord s: contract law; im plied term s; law - econom ics