In Deciding a Contract Dispute,courts Look to the Subjective Intent

question 35

True/False

In deciding a contract dispute,courts look to the subjective intent of the parties.

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Definitions:

Discharged

Refers to being released or freed from a contractual or legal obligation or liability.

Willful Conduct

This term describes actions taken intentionally, with knowledge that the behavior is wrongful or likely to cause a certain outcome.

Chapter 11

A provision of the United States Bankruptcy Code that permits businesses to reorganize their debts while continuing to operate.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and investment firms.