Which of the Following Guidelines Applies to Writing the Title

question 13

Multiple Choice

Which of the following guidelines applies to writing the title of a contract?

• A)It should be written in general terms,like "Memorandum of Agreement."
• B)It should be written like a sentence,with only the first letter capitalized.
• C)It should be brief with no more than five words.
• D)It should be descriptive of the agreement and typed in all capital letters.

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Definitions:

Liability

A legal responsibility or obligation.

Good Faith

A fundamental principle in contract law that requires all parties to act honestly and fairly without taking unfair advantage of others.

Expedited Funds Availability Act

A U.S. federal law that regulates how quickly banks must make deposited funds available to depositors.

Mandatory Schedules

Required documents that must be submitted within a specified time frame in various legal, financial, or regulatory contexts.