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:

Life Tenant

An individual who has the right to use and benefit from property during their lifetime, but cannot sell or transfer the property.

Extract Minerals

The process of removing solid minerals from the earth, which are then used in various industries and products.

Fixture

An item of property that is attached to a building or land in such a way that it becomes part of the real property.

Decorative Urn

A vase, often ornate, used as a home decoration or to hold the ashes of the deceased.