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 .
• 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 .