In Determining the Meaning of a Contract, Which of the Following

question 52

Multiple Choice

In determining the meaning of a contract, which of the following will have first priority?

• A) Course of dealing.
• B) Usage of trade.
• C) Express terms.
• D) Course of performance.

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Definitions:

Head-to-head Positioning

A marketing strategy where a company directly competes with another by targeting the same customer base with similar products.

Trading Down

Reducing a product’s number of features, quality, or price.

Repositioning a Product

The process of changing the market's perception of a product by altering its marketing strategy, including its image, value, or target audience.

Downsizing

The process of reducing a company's workforce or the scale of its operations to cut costs and improve efficiency, often leading to layoffs.