Once a Court Has Decided What Promises Are Included in the Contract,the

question 84

Multiple Choice

Once a court has decided what promises are included in the contract,the court is faced with interpreting the contract.The court will first attempt to determine:

• A)the parties' principal objective.
• B)whether the parties intended to use the words they used.
• C)whether proper consideration was given.
• D)the parties' individual positions.

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Definitions:

Productivity

The efficiency of production, measured as the ratio of output to inputs used in the production process.

Marginal Product

Marginal Product refers to the additional output generated by employing one more unit of a particular input, holding all other inputs constant.

Bricklayers

Skilled tradespeople who lay bricks, concrete blocks, stone, and other masonry materials to construct or repair walls, foundations, partitions, and other structures.

Efficiency Wage

A theory suggesting that paying workers a higher wage than the market equilibrium wage can lead to increased productivity and efficiency.