The Term Loophole When Used in a Legal Context Means

question 41

Multiple Choice

The term loophole when used in a legal context means:

• A)A way of complying with the spirit of the law rather than the letter of the law.
• B)A way of interpreting a law so as to circumvent its intended effect.
• C)A technological glitch in a computer system.
• D)An escape clause in a contract.

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Definitions:

Certain Amount

A specific quantity or measure of something, often used in financial contexts or to specify quantities.

3/15 Net 60

A term of payment indicating that a buyer can deduct a certain percentage if payment is made within 15 days, otherwise the full amount is due in 60 days.

Cash Discount

A reduction in price offered to a customer for paying in cash or within a specified short payment period.

Book Salesperson

An individual who specializes in selling books, typically working for publishers or bookstores and often responsible for organizing book fairs or visiting schools and libraries.