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 .