If Ambiguity Is Detected While Determining the Type of Contract

question 44

True/False

If ambiguity is detected while determining the type of contract, it is presumed to be a bilateral contract.

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Definitions:

Brandeis Brief

A legal argument that emphasizes social science research and factual information over strict legal citations, named after Justice Louis Brandeis who famously used it in early 20th-century U.S. labor law cases.

Efficiency

The ratio of the useful output of a system to the input, often used to describe the productivity and performance of machines, processes, and systems.

Monopoly

A situation in a market where a single company or entity has exclusive control over a particular good or service, potentially leading to limited choices and higher prices for consumers.