If There Is an Ambiguity in a Contract,the Ambiguity Will

question 63

True/False

If there is an ambiguity in a contract,the ambiguity will be resolved against the party who drafted the contract.

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Definitions:

Earnings Per Share

A financial indicator that divides a company's profit by the outstanding shares of its common stock, measuring the company's profitability per share.

Fixed Assets

Long-term tangible assets that a firm uses in its operations and that are not expected to be consumed or converted into cash within a year.

Long-Term Liabilities

Obligations a company is due to pay after one year or more, such as bonds payable, long-term loans, and pension obligations.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' share of the company.