In the Case of Scrivener's Errors,a Court Will Usually

question 12

Multiple Choice

In the case of scrivener's errors,a court will usually

• A)reform the contract if it is clear that the mistake is not what the parties intended.
• B)instruct the parties to rewrite the contract without the errors.
• C)enforce the contract as written.
• D)throw out the contract completely.

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Definitions:

Subscription Price

The price at which existing shareholders are allowed to buy additional shares in a company during a rights offering, typically at a discount to the current market price.

Rights Offering

A process in which a company offers its shareholders the opportunity to buy additional shares, typically at a discount, before the company offers them to the public.

Market Price

Market Price is the current price at which an asset or service can be bought or sold.