Which Statement Is True About Definitions in a Contract

question 36

Multiple Choice

Which statement is true about definitions in a contract?

• A) All ambiguous terms must be defined.
• B) Definitions must be grouped together in a separate section of the contract.
• C) Definitions must be located on the same page where the term is first used.
• D) The parties to the contract may be defined with shorter designations than their actual names.

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Definitions:

Commercial Template

Pre-designed layouts or frameworks that are used for creating websites, documents, or advertisements in a professional context.

Meeting Minutes

A written record of what was discussed and decided during a meeting, including the participants, key points, actions, and decisions.

Progress Report

A document or presentation that outlines the current status, developments, and future plans of a project, task, or research.

Organize

To arrange or systematize things or activities systematically for easier management or retrieval.