According to the Textbook, a ________ Typically Contains an Ambiguous

question 62

Multiple Choice

According to the textbook, a ________ typically contains an ambiguous term that leaves interpretation up to the decision maker.

• A)system
• B)rule
• C)solution
• D)policy
• E)procedure

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Definitions:

Consideration

Something of value promised to another when making a contract that motivates both parties to enter into the agreement.

Mistake Of Fact

A legal defense in which an individual argues that a misunderstanding of fact rather than law led to the action that constituted an alleged offense.

Bilateral Mistake

A legal term referring to a misunderstanding where both parties to a contract have incorrect beliefs about an essential fact of the agreement.

Unilateral Mistake

Mistake as to a material fact on the part of only one party to a contract. In this situation, the contract is normally enforceable against the mistaken party, with some exceptions.