The ________ is a rule that contracts should be interpreted according to the understanding that a reasonable person would have had at the time the agreement was made
A. objective intent approach
B. parol evidence rule
C. plain meaning rule
D. stabilization clause
A
You might also like to view...
With instruments payable at a definite time, Revised Article 3 of the Uniform Commercial Code requires that if:
A. there is a default in payment of the interest but no default in the payment of principal, the instrument becomes overdue. B. a due date for the principal has been accelerated, the instrument is overdue upon default. C. the principal is due in installments and a due date has not been accelerated, the instrument is overdue on the day after the due date. D. the principal is not payable in installments and the due date has not been accelerated, the instrument is overdue on the day after the due date.
All of the following are benefits to using cryptocurrencies except ________.
A. it is faster and easier to use than traditional payment methods B. there are no taxes C. it is insured by the Federal Reserve Bank D. it cannot be seized by the government E. there is protection from inflation
Firms have some choice as to when they disburse cash. A firm may delay making payments to suppliers, employees, and others during the last several days of an accounting period. When this firm makes the cash payments during the early part of the next period, cash flow from
a. operations decreases. b. operations increases. c. financing decreases. d. financing increases. e. investing decreases.
A benefit corporation is designed to make a profit and thereby provide long-term shareholder benefit.
Answer the following statement true (T) or false (F)