Question
Which of the following statements is true in cases where only one party drafts a contract that contains terms that appear vague and ambiguous to
Which of the following statements is true in cases where only one party drafts a contract that contains terms that appear vague and ambiguous to the other party? A. The court will give the terms the meaning as per trade usage. B. The court will reject the non-drafting partys attempt to reinterpret the terms after the contract has been signed. C. The court will declare the drafting partys behavior as a tort due to intentional ambiguity of terms. D. The court will interpret the terms as they mean in the common language. E. The court will interpret the ambiguous and vague terms against the party that drafts them.
10__C__Which of the following states that parties to a complete and final written contract cannot introduce oral proof in court that changes the intended meaning of the written terms?
A. the statute of frauds
B. the exclusionary rule
C. the parol evidence rule
D. the statute of limitations
E. the assignor rule
11--Which of the following statements is true of publicly held business organizations?
A. Publicly held organizations are owned only by a few persons.
B. Publicly held organizations are only owned by the government.
C. Shareholders of publicly held organizations can transfer their ownership without interfering with the organizations management.
D. A family-operated business is an example of a publicly held business organization.
E. Publicly held organizations are free from all legal liabilities to its shareholders, which is the primary reason for this corporate form being used.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started