All categories

3 years ago

If a contract term is ambiguous a court can consider extrinsic evidence a. True b. False

2 answers:

6 0

If a contract term is ambiguous a court can consider extrinsic evidence. True. If there is a contract drawn up, it is important to make sure the terms and in black and white and not ambiguous. Ambiguous means that there can be more than one interpretation of something or having a double meaning. This can be harmful in a court case because different people may understand the contract differently. Extrinsic evidence is outside, external evidence that is not usually used to make a determination of a situation.

Gnoma [55]3 years ago

3 0

The correct answer is true. It is because if the contract term is likely ambiguous, the court will likely consider this as an extrinsic evidence or that the ambiguity is likely to be interpreted against the party who is responsible for drafting the term.

You might be interested in

The brothers who created The GFB early on began shopping the product to independent coffee shops and then expanded into grocery

andrezito [222]

Answer:

Marketing channels.

Explanation:

Marketing Channels is one of the core aspects of marketing which enables a company to marketize its products, services, and brand identity to it's customers.

The Gluten Free Bars (GFB) are the vegan bars created by Marshall and Elliot Rader (brothers). The brothers created the GFB in 2010, and heralded the gluten-free industry.

To marketize their products, they used the element of marketing channels. They first reached to their possible customers by shopping their products to independent coffee shops, then to grocery and natural food stores. They used the channels of independent coffee shops, grocery and natural food stores to marketize their products and services to their possible customers.

Thus the correct answer is that they used marketing channels aspect of marketing.

6 0

2 years ago

Which is an advantage corporations enjoy over partnerships?

Trava [24]

The owners of a corporation don't have to work together to make all of the business decisions.

An advantage of corporations enjoy over partnerships is that the owners of a corporation don't have to work together to make all of the business decisions, while this is true for partnership. Partnership generally has more money to invest in starting or expanding a business.

3 0

3 years ago

Lee is considering buying one of two newly-issued bonds. Bond A is a twenty-year, 7.5% coupon bond that is non-callable. Bond B

vova2212 [387]

Answer:

Multiple choices below are missing:

A) purchase Bond A

B) purchase Bond B

C) purchase neither A nor B at this time

D) negotiate a higher rate on Bond A

The correct option is A,purchase bond A.

Explanation:

By purchasing Bond A,Lee is assured interest payment of 7.5% for a period of twenty years,hence the issuer cannot call the bond if interest rate drops by 2% in order to issue a lower interest-bearing bond which would be cheaper cost-wise.

However, if Lee purchases Bond B with current coupon of 8.25%,the interest is only guaranteed for a period of two years,since the issuer has the prerogative of calling back the bond after two years should interest fall in order to issue another bond that commands lower interest rate.

6 0

2 years ago

You own a building that has four possible uses: a cafe, a craft store, a hardware store, and a bookstore. The value of the build

Svetlanka [38]

Answer:

The opportunity cost = $2.5

Explanation:

Given:

You own a building that has four possible uses: a cafe, a craft store, a hardware store, and a bookstore. The value of the building in each use is $2,000; $3,000; $4,000; and $5,000, respectively.You decide to open a hardware store.

Question asked:

The opportunity cost of using this building for a hardware store ?

Solution:

As we know:

$Opportunity\ cost =\frac{What\ you\ sacrifice}{What\ you\ gain} \\ \\$

What you sacrifice = Value of a cafe + Value of a craft store + Value of a bookstore

= $2000 + $3000 + $5000 = $10,000

What you gain = Value of a hardware store

= $4000

Thus, the opportunity cost of using this building for a hardware store is $2.5

7 0

3 years ago

Question 11 of 20

Inessa [10]

Answer: Gus should keep the files A. and D.

Explanation:

I don’t believe that he should keep B. due to D. showing an update to B. so, he shouldn’t keep B. so that he doesn’t get confused by both B. and D. being in the files.

8 0

1 year ago