Which of the Following Statements Is True of Interpreting Contract

question 48

Multiple Choice

Which of the following statements is true of interpreting contract words and terms?

• A) Where a preprinted form contract is used, preprinted words prevail over typed words.
• B) Preprinted words prevail over handwritten words.
• C) Specific terms are presumed to qualify general terms.
• D) If there is an ambiguity in a contract, the ambiguity will be resolved in favor of the party who drafted the contract.

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Definitions:

Limited Temporary Basis

A restricted and short-term arrangement or condition, often applied to agreements, access, or usage rights.

Final Commitment

The ultimate pledge or decision made by a party in a process or agreement.

Warranty Terms

The conditions under which a manufacturer or seller agrees to repair, replace, or refund a purchased product within a specified time frame if it fails to meet stated quality and performance standards.

Accept the Objection

A technique in sales and negotiation where one acknowledges an objection raised by another party as valid, but then proceeds to address it or mitigate its impact.