Under ________, If a Writing, or Term in Question, Appears

question 18

Multiple Choice

Under ________, if a writing, or term in question, appears to be plain and unambiguous on its face, its meaning must be determined from the four corners of the instrument without resort to outside evidence, with the words being given their ordinary meaning.

• A) the interpretation rule
• B) the Uniform Commercial Code
• C) the complete contract rule
• D) the plain-meaning rule
• E) the rule of reason

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Definitions:

Cost-Benefit Analysts

Professionals who assess the economic pros and cons of different projects or decisions to determine their financial viability.

Public Projects

Initiatives funded and executed by the government aimed at benefiting the general public, such as infrastructure development and educational programs.

Basic Research

Fundamental scientific research aimed at increasing the understanding of fundamental principles, without immediate commercial objectives.

Excludable

A characteristic of a good or service whereby it is possible to prevent non-payers from consuming it.