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.
• The court will require Hanna to pay the average of her price and Myra’ s price.
• The court will declare the purchase price and terms too indefinite to cr eate a binding contract.
• The court will determine a reasonable price to be paid by Hanna.