When Two Parties Are Involved in a Misunderstanding as to the Meaning

question 157

Multiple Choice

When two parties are involved in a misunderstanding as to the meaning of a term of the contract, which of the following is usually applied by the court to settle the matter?

• A) The court will find that there is no contract because there is no meeting of the minds.
• B) The equitable remedy of rectification
• C) Caveat emptor
• D) Non est factum
• E) The most reasonable interpretation of the terms.

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Definitions:

Floppy Disk

A type of disk storage composed of a disk of thin and flexible magnetic storage medium enclosed in a square or rectangular plastic shell, now largely obsolete.

Platter

A rigid, flat surface in a hard disk drive where data is magnetically stored.

Spindle

A rotating axis of a machine, which tools or workpieces attach to for machining purposes.

Magnetic Disk Storage

Magnetic disk storage is a type of data storage that uses magnetic storage to record and retrieve digital information using one or more rotating disks.