To Interpret the Express Provisions of a Contract,a Court Will

question 15

Multiple Choice

To interpret the express provisions of a contract,a court will

• A)examine the most widely held meaning of the words.
• B)begin with the ordinary meaning of the words and then will examine their meaning within the context of the words.
• C)examine the ordinary meaning of the words and then will determine the most widely held meaning of the words.
• D)begin with the ordinary meaning of the words and then will ask a jury to determine the societal meaning of the words.
• E)examine the meaning of the words within the context and then will examine the ordinary meaning of the words.

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Definitions:

Credit Policies

Credit policies refer to the guidelines and standards set by a business regarding the extension of credit to customers, including terms, conditions, and criteria for creditworthiness.

Monthly Rate of Return

The percentage gain or loss on an investment over a one-month period.

Variable Cost

Expenses that change in proportion to the activity of a business.

Net Present Value

The calculation of the present value of an investment's expected earnings, minus the initial capital outlay.