You decide to get a credit card in order to begin building your credit history. It is your first credit card and when you receive the agreement with the credit card company filled with legally complex boilerplate language, you sign it knowing that if you do not, you will not be able to get the card. Buried deep within the terms, however, a discrepancy existed that the credit card company never caught before sending the agreement to customers. One section allowed for the credit card company to raise interest rates as long as it provided users a 30 day notice, but another section stated that interest rates could only be changed once per year. The company has increased your interest rate four times already this year and you decide you have had enough and take them to court. In whose favor will the court interpret the terms of the contract?

a. The court will interpret it in your favor because you did not draft the agreement.

b. The court will interpret it in favor of the credit card company because they drafted the document.

c. The court will rewrite the terms of the agreement so that a fair outcome is reached.

d. The court will interpret it in favor of neither party and will use its own judgment for what is fair.

Must all terms of a deal be included in an offer?

a No, unless the offeror purposely leaves terms of the offer ambiguous.

b No, but the terms required will depend on the type of contract.

c Yes, unless it is an offer for services in which case some terms can be filled in later.

d Yes, an offer is not complete unless all terms are included.