A Contract Is Interpreted to Give Effect To

question 29

Multiple Choice

A contract is interpreted to give effect to:

• A) the intent of the parties.
• B) what the court believes is a fair contract.
• C) what the defendant thought the contract meant.
• D) what will be best for the economic life of the community.

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Definitions:

Alternatives

Different options or choices available in a given situation, often considered when making decisions.

Reducing Cost

Measures taken to decrease the costs associated with the production or delivery of goods and services.

Modernization

The process of adopting the latest technology, organizational practices, or societal norms, aiming at improving efficiency and effectiveness.

Declining Death Rates

A decrease in the number of deaths over a particular period of time, often leading to population growth.