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.

---

Definitions:

Creditworthy Borrowers

Individuals or entities deemed capable of repaying a loan based on their financial history and current financial status.

Dodd-Frank Wall Street Reform and Consumer Protection Act

A comprehensive piece of financial reform legislation passed in 2010 in response to the financial crisis, aimed at reducing risk in the U.S. financial system.

Reserve Requirement

The Reserve Requirement is a central bank regulation that sets the minimum amount of reserves each bank must hold to customer deposits and notes.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, pension funds, investment companies, and credit unions, facilitating the flow of money in the economy.