Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A contract is created which provides for consideration in the amount of $ 3 , 0 0 0 . If typewritten in the contract is

A contract is created which provides for consideration in the amount of $3,000. If typewritten in the contract is the term "four thousand dollars," while the amount of $3,000 is printed within the form:
Group of answer choices
the contract will be interpreted to be for $3,000.
a compromise settlement amount of $3,500 will be used.
there is a contract but the courts will not specify the dollar amount, as a conflict exists.
the contract will be interpreted to be for $4,000.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operations Research Applications And Algorithms

Authors: Wayne L. Winston

4th Edition

0534380581, 9780534380588

More Books

Students also viewed these General Management questions