According to the Class Rule of Interpretation

question 78

Multiple Choice

According to the class rule of interpretation:

• A)The meaning of a word or phrase is to be derived from the context in which it is used.
• B)Where two or more specific words are followed by a general word, the general word is read down to accord with the meaning of the specific words.
• C)Where the legal text expressly provides that it is to apply to certain specific things in its class, then things that are not expressly included in that class are by implication excluded.
• D)Where there are two inconsistent provisions in a legal text, and one is general and the other is specific, the specific provision overrides the general provision.

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Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a reduction in per unit cost.

Issuance Size

Refers to the total amount of securities, such as bonds or stocks, that an entity offers to the public for sale.

Venture Capital

Financing for new, often high-risk ventures.

Ownership

The act, state, or right of possessing something.