A Contract Is Created by Which the Terms Are Stated

question 10

Multiple Choice

A contract is created by which the terms are stated to be for consideration in the amount of $3,000. If typewritten in the contract is the term "four thousand dollars," while the amount of $3,000 is printed within the form:

• A) the contract will be interpreted to be for $3,000.
• B) the contract will be interpreted to be for $4,000.
• C) there is a contract but the courts will not specify the dollar amount, as a conflict exists.
• D) a compromise settlement amount of $3,500 will be used.

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