Which of the Following States That If a Writing,or Term

question 72

Multiple Choice

Which of the following states that if a writing,or term in question,appears to be plain and unambiguous on its face,its meaning must be determined from the four corners of the instrument without resort to outside evidence,with the words being given their ordinary meaning?

• A)The Simple Rule
• B)The Plain Meaning Rule
• C)The Understandable Rule
• D)The Interpretation Rule
• E)The Comprehensive Rule

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Definitions:

Redistribution of Wealth

A process or policy aimed at adjusting the distribution of wealth within a society, usually by transferring wealth from the richer to the poorer segments.

Consideration

Something of value exchanged between parties as part of a contract.

Adequacy of Consideration

A legal concept referring to the fairness of the value exchanged in a contract, ensuring each party receives something of comparable worth.

Rare Coins

Unique and uncommon coins that are sought after by collectors due to their historical, numismatic, or investment value.