When a Contract Is Wholly Oral,the First Problem of the Court

question 78

Multiple Choice

When a contract is wholly oral,the first problem of the court is

• A)to determine the liberal meaning of the words.
• B)to speak to the parties.
• C)to read the contract.
• D)to determine the dictionary meaning of the provisions.
• E)to determine what exactly the parties agreed to.

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Definitions:

Liable

Legally responsible or obligated.

Professional Shareholders

Investors who hold a significant amount of shares in a company and often have a substantial influence on the company's management and decisions.

Personally Liable

means an individual is legally obligated to pay a debt or damages out of their own assets.

Obligations

Obligations are legal or moral duties that a person or entity is required to fulfill, including contractual commitments or the requirement to compensate for harm caused by one's actions.