Cory Enters into a Contract with Diane to Act as Her

question 7

Multiple Choice

Cory enters into a contract with Diane to act as her personal sports trainer.If they later dispute the meaning,and the contract contains un?clear terms,the rules of contract interpretation will give effect to

• A)the parties' intent as expressed in their contract.
• B)what the defendant claims was the parties' intent.
• C)what the plaintiff claims was the parties' intent.
• D)what the parties now agree they intended.

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Definitions:

Securities And Exchange Commission

A U.S. federal agency responsible for enforcing federal securities laws, regulating the securities industry, the nation's stock and options exchanges, and other related activities and organizations.

Section 10(b)

A provision of the Securities Exchange Act of 1934, dealing with securities fraud and providing for the Securities and Exchange Commission to enact rules to prevent such practices.

Rule 10b-5

A regulation under the U.S. Securities Exchange Act of 1934 that addresses fraud and misrepresentation in securities trading, prohibiting deceptive practices.

Securities Exchange Act Of 1934

U.S. legislation governing the secondary trading of securities (stocks, bonds, and debentures) in the financial market, aimed at regulating the exchanges and preventing fraud.