ETH 321 OUTLET Career Path Begins/eth321outlet.com ETH 321 OUTLET Career Path Begins/eth321outlet.com | Page 10

establishment of federal regulators in all private companies to establis
h and enforce ethical standards
•
self-regulation by companies
•
giving the federal government exclusive jurisdiction regarding ethics a
nd 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 o
ther party?
•
The court will interpret the ambiguous and vague terms against the pa
rty that drafts them.
•
The court will declare the drafting party’s behavior as a tort due to inte
ntional ambiguity of terms.
•
The court will interpret the terms as they mean in the common langua
ge.
•
The court will reject the nondrafting party’s attempt to reinterpret the terms after the contract has b
een signed.
Myra offers to sell her home to Hanna for “about $100,000 plus closin
g costs.” Hanna accepts Myra’s offer, but later a dispute arises concer
ning 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.
•