Phil Enters into a Contract with Quality Resorts,Inc

question 2

Multiple Choice

Phil enters into a contract with Quality Resorts,Inc.,to work as a chef.Under the plain meaning rule,the meaning of this contract must be de?ter?mined by reference to

• A)any available evidence.
• B)any relevant extrinsic evidence.
• C)the face of the instrument.
• D)the later testimony of the parties.

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Definitions:

Price

The financial cost of acquiring a good or service.

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and quantities.

Soybean Oil

A vegetable oil extracted from the seeds of the soybean, commonly used in cooking and in the production of processed foods.