When There Is Disagreement Over the Meaning of a Term

question 4

True/False

When there is disagreement over the meaning of a term in a contract,the normal approach taken by the courts is to apply the most reasonable interpretation,although the courts will refuse to imply terms into the agreement that the parties have left out.

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Definitions:

Goods Recovery

The process of obtaining possession of goods that have been wrongfully taken or retained, often involving legal procedures.

Insolvent Buyer

A buyer who is unable to pay debts as they come due, or whose liabilities exceed their assets.

Good Faith

A principle that implies honesty, fairness, and integrity in the intentions or beliefs of a party, particularly during negotiations.

Bailment

The act of temporarily placing control or possession of personal property in the hands of another person, under agreement.