Legal Dictionary of Pakistan

gap-filler

A rule that supplies a contractual term that the parties failed to include in the contract. ( For example, if the contract does not contain a sales price, UCC § 2-305(1) establishes the price as being a reasonable one at the time of delivery."Contracts often have gaps in them, intentional or inadvertent. Gaps arise, too, out of the 'battle of the forms' finder sections 2-204 and 2-207. Some gaps are more or e;s complete, others only partial. Article 2 of the Code ncludes numerous gap filler provisions which taken toether constitute a kind of standardized statutory contract." 1 James J. White & Robert S. Summers, Uniform Commercial Code § 3-4 (4th ed. 1995). gap financing