Which of the Following Does Not Provide a Rule or an Approach

question 42

Multiple Choice

Which of the following does not provide a rule or an approach that a court may rely upon for the interpretation of a contractual document?

• A)the literal approach
• B)the contextual approach
• C)the recidivist approach
• D)the contra proferentum rule
• E)the golden rule

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Definitions:

Security Interest

A security interest is a legal right granted by a debtor to a creditor over the debtor's property to secure the repayment of a debt.

Financing Statement

A document filed to indicate a security interest in personal property, used to publicize a creditor's right to possible repossession of goods.

Perfection

In legal finance, it refers to the process of securing a lien or interest in a borrower's collateral, making it legally enforceable against third parties.

Records Mortgage

The formal documentation of a mortgage loan agreement that is filed with a local government office, making it a public record.