Which of the Following Rules of Interpretation Is Applied to Resolve

question 1

Multiple Choice

Which of the following rules of interpretation is applied to resolve conflict or ambiguity in a check?

• A) Printed terms prevail over typewritten terms.
• B) Typewritten terms prevail over handwritten terms.
• C) Where words and numbers conflict, the words control the numbers.
• D) Where handwritten terms and printed terms conflict, printed terms prevail over handwritten terms.

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Definitions:

Average Fixed Cost

The fixed costs of production (costs that do not vary with output) divided by the quantity of output produced.

Economic Profit

The disparity between the aggregate income and the sum of all expenses, encompassing both direct and indirect costs.

Weekly Operating Profits

The profit a company makes from its operations in a week, excluding non-operational revenues and expenses.

Market Price

The current price at which a good or service can be bought or sold in a particular market.