If There Is Evidence That a Word Used in a Contract

question 73

Multiple Choice

If there is evidence that a word used in a contract has a particular trade usage,courts will

• A) give it that meaning.
• B) ask the contracting parties to remove that word from the contract.
• C) ask the contracting parties to add it as a comment to the contract.
• D) ask the contracting parties to add it to the nolo contendere section of the contract.
• E) replace the word with its legal equivalent.

Calculate the allocation of total overhead based on proportional usage.

Understand the impact of currency strengthening or weakening on international transactions.

Understand the duties and failures of directors and officers in corporate governance.

Comprehend the rights of corporations under the United States Constitution's Bill of Rights.

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Definitions:

Newborn Twins

Infant siblings born simultaneously from the same pregnancy, typically arriving within minutes or hours of each other.

Population Variation

Differences or variations within a population, which can be due to genetic factors, environmental influences, or both.

P-values

In statistics, a measure that helps determine the significance of results from a hypothesis test, indicating the probability of observing the obtained results assuming the null hypothesis is true.

P-value

A statistical measure that helps in determining the significance of the results obtained from a hypothesis test, indicating the probability of observing the results by chance.