Match Each Rule of Interpretation with Its Meaning

question 21

Multiple Choice

Match each rule of interpretation with its meaning.
-The mischief rule.

• A) The use of only the plain and ordinary, literal meaning of the words, because these are the words specifically chosen by the draftsman.
• B) Putting the words in the context of the statute as a whole and giving them their ordinary meaning, unless this produces an absurd result, in which case, the judge should give the words another contextual meaning.
• C) Ascertaining what the draftsman intended by the word, by examining the general purpose of the section and its social, economic or political context.
• D) Looking at the previous common law and the history of the Act to ascertain what problem (or mischief) the draftsman sought to remedy.

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Definitions:

Strict Disclosure Requirements

Regulations mandating that certain information must be fully and accurately disclosed to relevant parties, often in financial contexts.

Federal Or State Securities Laws

Regulations established by federal or state governments to govern the sale, purchase, and issuance of securities, aiming to protect investors and maintain market integrity.

Issuers Of Securities

Organizations or entities that create and offer financial instruments like stocks or bonds to investors.

Ponzi Scheme

An investment scam where returns are paid to earlier investors using the capital of newer investors, rather than from profit earned.