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Article: The role of 'business common sense' in the construction of commercial contracts

TitleThe role of 'business common sense' in the construction of commercial contracts
Authors
KeywordsLaw
Corporate law business and economics
Issue Date2012
PublisherKluwer Law International. The Journal's web site is located at http://www.wkap.nl/journalhome.htm/0143-6295
Citation
Business Law Review, 2012, v. 33 n. 2, p. 32-33 How to Cite?
AbstractThe Supreme Court's decision in Rainy Sky SA & Ors v Kookmin Bank re-emphasises that the ultimate aim of construing a contractual provision is to ascertain what the parties meant by the language used, based on what a reasonable person would have understood the parties to have meant; and that the courts can adopt the construction which is most consistent with commercial common sense. This article examines whether the judgment means that, where there is an ambiguous term, the court can apply the ''commercially sensible'' test before (or instead of) the ''reasonable person'' test.
DescriptionCase Comment
Persistent Identifierhttp://hdl.handle.net/10722/164141
ISSN

 

DC FieldValueLanguage
dc.contributor.authorMason, Len_US
dc.date.accessioned2012-09-20T07:56:00Z-
dc.date.available2012-09-20T07:56:00Z-
dc.date.issued2012en_US
dc.identifier.citationBusiness Law Review, 2012, v. 33 n. 2, p. 32-33en_US
dc.identifier.issn0143-6295en_US
dc.identifier.urihttp://hdl.handle.net/10722/164141-
dc.descriptionCase Comment-
dc.description.abstractThe Supreme Court's decision in Rainy Sky SA & Ors v Kookmin Bank re-emphasises that the ultimate aim of construing a contractual provision is to ascertain what the parties meant by the language used, based on what a reasonable person would have understood the parties to have meant; and that the courts can adopt the construction which is most consistent with commercial common sense. This article examines whether the judgment means that, where there is an ambiguous term, the court can apply the ''commercially sensible'' test before (or instead of) the ''reasonable person'' test.-
dc.languageengen_US
dc.publisherKluwer Law International. The Journal's web site is located at http://www.wkap.nl/journalhome.htm/0143-6295en_US
dc.relation.ispartofBusiness Law Reviewen_US
dc.subjectLaw-
dc.subjectCorporate law business and economics-
dc.titleThe role of 'business common sense' in the construction of commercial contractsen_US
dc.typeArticleen_US
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0143-6295&volume=33&spage=32&epage=&date=2012&atitle=The+role+of+%27business+common+sense%27+in+the+construction+of+commercial+contractsen_US
dc.identifier.emailMason, L: masonlee@hkucc.hku.hken_US
dc.identifier.authorityMason, L=rp01269en_US
dc.identifier.hkuros207978en_US
dc.identifier.volume33en_US
dc.identifier.issue2-
dc.identifier.spage32en_US
dc.identifier.epage33en_US
dc.publisher.placeNetherlands-

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