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Which of the Following Statements Is True

question 12

Multiple Choice

Which of the following statements is true:


Definitions:

Intent to Benefit

A principle that refers to the deliberate desire to provide benefits or advantages through a contract to a specific party or parties.

Language Used

The specific words, terms, and phrases employed in communication or documentation, which can influence interpretation and understanding.

Surrounding Circumstances

The context or conditions existing at the time of an action or event, often considered in legal interpretations, negotiations, or contract formations.

Promisor

The party in a contract who makes a promise to perform an obligation to the promisee.

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