Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A) A court may interpret a contract in contradiction of the words used by the parties.
• B) In interpreting a contract, a court will have regard to the principles of good faith and fair dealing between the parties.
• C) Where a third party is dependant on the outcome of a contract between two parties, the wording of their contract will always trump the meaning adduced from the factual matrix.
• D) All of the options given are correct.

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Definitions:

Budget Deficit

A budget deficit occurs when an entity, typically a government, spends more money than it receives in revenue over a specific period.

Exports

Goods or services sent to another country for sale.

Dumping

The practice of selling a product in a foreign market at a price that is below the cost of production or below the price in the home market, often with the aim of driving out competition.

Producer

A producer is an individual or organization that creates goods or services for sale to consumers or other businesses.