When is a contract so ambiguous that a court may have to interpret its terms?
Question:
When is a contract so ambiguous that a court may have to interpret its terms?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
A contract can be considered so ambiguous that a court may have to interpret its terms when the following conditions are met Lack of Clear Language If ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
Question Posted:
Students also viewed these Social Science questions
-
In January 1991, Sandhill and K & B Florida Corporation (K & B), a pharmaceutical retailer, entered into the subject lease (K & B Lease) providing for the rental of a parcel of real property located...
-
FACTS In January 1991, Sandhill and K & B Florida Corporation (K & B), a pharmaceutical retailer, entered into lease agreement (K & B Lease) providing for the rental of a parcel of real...
-
Did the company violate the agreement when it did not pay holiday pay? Questions 1. Which party has the burden of proof in this case? Why? 2. Evaluate the unions argument that, since George...
-
Busy plc, an all equity-financed firm, has three strategic business units. The polythene division has capital of 8m and is expected to produce returns of 11 per cent for the next five years....
-
What differences exist in the way prices are quoted in the foreign exchange futures market, the foreign exchange spot market, and the foreign exchange forward market?
-
Determine whether the balance in each of the following accounts increases with a debit or a credit. 1. Cash 2. Common Stock 3. Equipment 4. Accounts Payable 5. Fees Earned 6. Electricity Expense
-
What is the net impact on Werners net income for the quarter ended March 31, 2009, as a result of this forward contract hedge of a firm commitment? LO9 a. $-0-. b. $ 1,250 increase in net income. c....
-
In general, how in your opinion did Netflix manage to put itself in the enviable position that it occupied at the outset of fiscal 2010? More specifically, how would you account for the suddenand...
-
Campbell Supper Co. paid a $0.632 dividend per share in 2013, which grew to $0.76 in 2016. This growth is expected to continue. What is the value of this stock at the beginning of 2017 when the...
-
Chad Parker owned an acre of property and a mobile home on that property. He sold the mobile home to David and Allison Wilson for $1,000 and sold the property to them for $10,000. These agreements...
-
What do formal contracts require to be enforceable?
-
Describe five types of enterprise systems.
-
Recall from Case 1.2 that Auto Concepts is a new division of a large automobile manufacturer that has been slowly losing market share to its competitors. Auto Concepts was created to reclaim the...
-
(a) Draw a simplified ray diagram showing the three principal rays for an object located inside the focal length of a diverging lens. \((b)\) Is the image real or virtual? (c) Is it upright or...
-
Show that the ray exiting the block in Figure P33.53 is parallel to the ray entering the block. Data from Figure P33.53
-
The element is subjected to the state of stress shown. If the material is machine steel having a yield stress of \(\sigma_{Y}=750 \mathrm{MPa}\), determine the factor of safety with respect to...
-
Determine the vertical displacement of the ring at point \(B\). \(E I\) is constant. B P A
-
Mr. Talbot deposits $1500 at the end of every 6 months into his RRSP. He intends to leave the money for 14 years, then transfer the balance into a RRIF and make equal withdrawals at the end of every...
-
Place a tick in the appropriate grid to identify the balance that would be brought down in each of the following named accounts, in the books of Rizwy Mohamed: (a) In the Cash account: if Rizwy...
-
If the goods are nonconforming, the risk of loss is borne by the seller. a. True b. False
-
Only a buyer can obtain an insurable interest in goods. a. True b. False
-
If the seller wants the buyer to be responsible for the payment of shipping, the appropriate shipping term is FOB sellers location. a. True b. False
-
Assignment Title: The Role of Bookkeeping in Business Management and Financial Reporting Objective: Understand the importance of proper bookkeeping procedures in the management of...
-
17) The adjustment that is made to allocate the cost of a building over its expected life is called:A) depreciation expense.B) residual value.C) accumulated depreciation.D) None of the above answers...
-
9) Prepaid Rent is considered to be a(n):A) liability.B) asset.C) contra-asset.D) expense.10) As Prepaid Rent is used, it becomes a(n):A) liability.B) expense. C) contra-asset.D) contra-revenue.11)...
Study smarter with the SolutionInn App