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:

Process-oriented Layout

A way of arranging equipment and workstations in a workspace where similar processes are grouped together, aimed at optimizing efficiency in production or service operations.

Material Flow

The movement, storage, control, and protection of materials, goods, and products throughout the process of manufacturing, warehousing, distribution, consumption, and disposal.

Minimize Distance

The objective to reduce the total length or travel time between points, often in logistics, routing, or layout planning.

Material Handling Costs

Expenses associated with the moving, storing, and controlling materials and products.