When Two Parties Are Involved in a Misunderstanding as to the Meaning

question 169

Multiple Choice

When two parties are involved in a misunderstanding as to the meaning of a term of the contract,which of the following is usually applied by the court to settle the matter?

• A) The court will find that there is no contract because there is no meeting of the minds.
• B) non est factum
• C) caveat emptor
• D) the most reasonable interpretation of the terms
• E) the equitable remedy of rectification

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Definitions:

Theorist

An individual who formulates theories or hypotheses in a specific field of study, often contributing to the academic understanding of that area.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Nurture

The influence of external factors like education and the environment on an individual's behavior and development.

Correlation Coefficient

A statistical measure that indicates the extent to which two or more variables fluctuate together, showcasing the strength and direction of their relationship.