Sunny Enters into a Contract with Trey to Act as His

question 22

Multiple Choice

Sunny enters into a contract with Trey to act as his personal sports trainer.If a dispute later arises and the contract contains unclear terms,the rules of contract interpretation will give effect to

• A)the parties' intent as expressed in their contract.
• B)what the promisor claims was the parties' intent.
• C)what the promisee claims was the parties' intent.
• D)what the parties now agree they intended.

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Definitions:

Similar Job

Pertains to a job that has duties, skills, and responsibilities closely matching those of another job, often within the same industry or field.

Adverse Selection

A situation where asymmetric information results in high-risk individuals being more likely to participate in an agreement than low-risk individuals, typically in insurance markets.

Used Cars

Pre-owned vehicles that have been previously registered and are available for resale, often at lower prices compared to new cars.

Signaling

The action of sending out a signal (often indirectly through actions or attributes) to convey information or intentions in environments with information asymmetries.