BUSFIN 3500 Final: Final Study Guide 3500

• School: Ohio State University
• Department: Business Admin : Finance
• Course: BUSFIN 3500
• Professor: Irvine Joseph

Document Summary

Other rules of interpretation if a court finds that there is a need to determine the parties" intentions from the terms of the contract, the court will apply a number of well established rules of interpretation: a reasonable, lawful, and effective meaning with be given to all of a contract"s terms, a contract will be interpreted as a whole, not by its individual parts, terms that were the subject of separate negotiation will be given greater consideration than standardized terms and terms that were not negotiated separately, a word will be given its ordinary, commonly accepted meaning, and a technical word or term will be given its accepted technical meaning, unless the parties clearly intended something else, specific and exact language will be given greater consideration than a, written or typed terms prevail over preprinted terms, a party that uses ambiguous expressions is held responsible for the general language ambiguities.