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Question 3 2 pts Percy and Zenith University execute a written contract which contains a provision that states it will effective for a year with
Question 3 2 pts Percy and Zenith University execute a written contract which contains a provision that states it will effective for a \"year" with Percy's monthly compensation set at $10,000, even if Percy's cyber-business courses are canceled. Due to low enrollment, the university cancels the cyber-business program and pays Percy the balance of $90,000. Percy sues, claiming that a "year" is obviously 12 months and his total pay was to be $120,000. Zenith University claims that the contract meant the 9-month school year and the total compensation was $90,000. In this case: 0 parol evidence cannot be used to explain the term, because the plain meaning of a "year" is 12 months 0 the term "year" is ambiguous, and the parties can bring in paroi evidence to clarify their intent 0 ALL of the answers are correct 0 parol evidenoe cannot be used to explain the term, because it is in an integrated document Question 4 All of the following are true with regard to the interpretation of contracts EXCEPT: 0 Specic and exact terms are given greater weight than general language 0 Express terms prevail over course of performance, and course of performance prevails over course of dealing O Handwritten or typed terms are given greater weight than preprinted terms 0 Numbers in numeric form will always be given preference over numbers spelled out Question 5 2 pts The United Nations Commission on International Trade Law (UNCITRAL) 2001 Model Law on Electronic Signatures (E- Sign]: O claries that a contract may not be denied legal effect or enforceability solely because an electronic transaction was used in its formation. 0 states that electronic transactions on subject covered by the statute of frauds require an additional writing. 0 creates barriers to e-comrnerce by invalidating electronic reoords and digital signatures. O invalidates agreements between parties conducting transactions by electronic means
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