ETH 321 help A Clearer path to student success/uophelp.com ETH 321 help A Clearer path to student success/uop | Page 12

rule of law Federal law and business leaders alike favor ____________ as a means of governing private business ethics. • establishment of federal regulators in all private companies to establish and enforce ethical standards • self-regulation by companies • giving the federal government exclusive jurisdiction regarding ethics and ethics violation enforcement •creating uniform statutes of business ethics Which of the following is true in cases where only one party drafts the contracts that contain terms that appear vague and ambiguous to the other party? • The court will interpret the ambiguous and vague terms against the party that drafts them. • The court will declare the drafting party’s behavior as a tort due to intentional ambiguity of terms. • The court will interpret the terms as they mean in the common language. • The court will reject the non-drafting party’s attempt to reinterpret the terms after the contract has been signed. Myra offers to sell her home to Hanna for “about $100,000 plus closing costs.” Hanna accepts Myra’s offer, but later a dispute arises concerning the precise dollar amount of the purchase price. How will a court resolve this dispute? • The court will appoint a licensed real estate appraiser to determine the price to be paid by Hanna.