Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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A contractual term that is ambiguous on its face is
called a:
a. | mutual mistake | c. | patent
ambiguity | b. | latent ambiguity | d. | hearsay |
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2.
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Voir dire is
a. | the process of challenging the authentication of a
document | c. | the result of a unilateral
mistake | b. | an exception to the hearsay
rule | d. | none of the above |
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3.
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The effect of a mutual mistake in a contract
is
a. | the contract is deemed invalid | c. | the contract is nonetheless enforceable as written | b. | the contract is deemed to be ambiguous | d. | the contract may
be reformed |
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4.
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The interpretation of the terms of a contract may
be resolved by
a. | only a court | c. | only
by an arbitration | b. | only the parties
to the agreement | d. | None of the above |
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