Asked by
Shelley Nelson
on Nov 27, 2024Verified
If contracting parties attach materially different meanings to a contract word or term subject to more than one reasonable interpretation, the contract is void.
Materially Different Meanings
Terms or phrases that have significantly divergent implications in different contexts or interpretations.
Interpretation
The process of explaining, defining, or clarifying the meaning of words, texts, or actions.
- Discern and separate between unilateral and bilateral faults in contract formations.
- Familiarize yourself with the concept of material facts and their pivotal importance in contract law.
Verified Answer
BB
Learning Objectives
- Discern and separate between unilateral and bilateral faults in contract formations.
- Familiarize yourself with the concept of material facts and their pivotal importance in contract law.
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