The Two Approaches to the Interpretation of Contract Are the

question 5

Multiple Choice

The two approaches to the interpretation of contract are the

• A) straight approach and direct approach.
• B) plain meaning approach and liberal approach.
• C) liberal approach and straight approach.
• D) liberal approach and direct approach.
• E) plain meaning approach and context approach.

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Definitions:

Trustee

An independent party appointed to represent the bondholders.

Selling Price

The price at which a product or service is offered for sale to consumers.

Callable Bonds

Bonds containing a call feature that allows the bond issuer the option of retiring the bonds early.

Early Retirement

Refers to the act of ending one's professional career or employment before reaching the conventional retirement age.