Blake and Carla Sign a Contract for the Sale of Blake's

question 70

Multiple Choice

Blake and Carla sign a contract for the sale of Blake's Bakery to Carla. The parties intend their written contract to be a final statement of most, but not all, of the terms of their agreement. In a dispute between the parties, with respect to the terms, a court is most likely to admit evidence that is

• A)ambiguous.
• B)consistent.
• C)contradictory.
• D)clear.

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Definitions:

Variable

A quantity or factor in an experiment or equation that can change or be changed.

Variable Production Cost

Costs that vary directly with the level of production output, including raw materials, direct labor, and other expenses that increase with production volume.

Sales Price

Sales Price is the amount of money charged for a product or service in the market.

Net Operating Income

A financial metric that calculates a company's profit after subtracting operating expenses but before interest and taxes.