Contractual Interpretation 38 The dean of the University of British Columbia's Business School was faced with a dilemma. After a six-year tuition freeze, he was keen to quadruple tuition, from $7,000 to $28,000. A newly elected provincial government had indicated its willing- ness to allow tuition to rise, but that change would take some time. And in the interim, the Business School had to offer places to incoming students. Was there a way to issue offers that stated the current tuition level ($7,000) but allowed the school to subsequently charge the higher amount ($28,000)? The dean settled on the following formulation: Tuition Fees: $7,000* for the 15-month program (payable in four instalments of $1,750)