In Contract Law,what Is Meant by the Term "Rules of Construction

question 62

Multiple Choice

In contract law,what is meant by the term "rules of construction"?

• A) a rule limiting evidence concerning a contract's contents
• B) a basis for relieving parties from their contractual obligations
• C) a guiding principle for interpreting the terms of a contract
• D) a contractual term stating that the contract is complete as written

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Definitions:

General Health

A broad term referring to the overall physical and mental condition and well-being of an individual or population.

Unsystematic Risk

The risk of price change due to the unique circumstances of a specific security, as opposed to the overall market.

Stocks

Shares of ownership in a corporation, giving holders a claim to part of the company's assets and profits.

Bonds

Debt securities issued by entities, such as corporations or governments, to raise funds, promising to repay the face value plus interest.