To Interpret the Express Provisions of a Contract a Court

question 16

Multiple Choice

To interpret the express provisions of a contract a court will

• A) begin with the ordinary meaning of the words, and then will examine their meaning within the context of the words.
• B) examine the ordinary meaning of the words, and then will determine the most widely held meaning of the words.
• C) examine the meaning of the words within the context and then will examine the ordinary meaning of the words.
• D) begin with the ordinary meaning of the words and will then ask a jury to determine the societal meaning of the words.
• E) examine the most widely held meaning of the words.

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Definitions:

Long-term Effects

The impact or outcomes of actions, policies, or events that are not immediate but unfold over a longer period.

Rational Decision Makers

Individuals or entities that make decisions by systematically considering all available information and maximizing their utility based on preferences.

Neoclassical Economists

Economists who focus on the determination of goods, outputs, and income distributions in markets through supply and demand.

Economic Behaviors

Actions, decisions, or habits of individuals, groups, or organizations that influence economic outcomes, such as spending, saving, and investing.