Which Is the Most Accurate Description of the Courts' General

question 12

Multiple Choice

Which is the most accurate description of the courts' general approach to interpreting contracts in English law?

• A) The courts adopt a literalist approach and look at the dictionary meaning of the words used by the parties.
• B) The courts look at the meaning which the document would have, taking into account the parties' subjective intentions at the time of contracting.
• C) The courts look at the meaning which the document would convey to a reasonable person having all the background knowledge which would reasonably have been available to the parties at the time of contracting.

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Definitions:

Capitalism

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit, often characterized by competitive markets.

Overpopulation

Overpopulation occurs when a species' population exceeds the carrying capacity of its ecological niche, resulting in environmental degradation and diminished quality of life.

Exploitation

The act of treating someone unfairly by using their work or ideas and giving them little or nothing in return.

Workers

Individuals employed to perform tasks or services for compensation.