In Executing Its Discretion to Grant Relief When a Party

question 45

Multiple Choice

In executing its discretion to grant relief when a party makes a mistake about terms,

• A) the court will determine each party's interpretation of the terms.
• B) the court will adopt the position of the plaintiff.
• C) the court will correct the document.
• D) the court will consider the hardship that will be suffered by each party.
• E) the court will determine the burden of proof.

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Definitions:

Sale Price

The final price of a product or service after any discounts or promotions have been applied.

Net Profit

The total earnings after all expenses and taxes have been subtracted from revenue.

Overhead Expenses

costs related to the day-to-day running of a business but not directly tied to producing goods or services.

Selling Price

The amount of money for which a seller offers a product or service to the buyer.