This topic contains a solution. Click here to go to the answer

Author Question: Define and compare the terms vagueness and ambiguity.[br][br][b][color=#9E3EA8]Question ... (Read 54 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
Define and compare the terms vagueness and ambiguity.

Question 2

Compare and contrast the perspectives of a lawyer and a business client when approaching the negotiation of a contract.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1


Vagueness occurs when the parties do not want the contract to be clear. They want to keep their options open, so they don't clearly define some terms.

Ambiguity is different --- it means that the provision is accidentally unclear. It occurs in contracts when the parties think only about what they want a provision to mean, without considering the literal meaning or the other side's perspective. Any ambiguity is interpreted against the drafter of the contract.



Answer to Question 2

Businesspeople are optimists - they believe they have negotiated a great deal and everything is going to go well - sales will boom, the company will prosper. Lawyers have a different perspective - their primary goal is to protect their clients by avoiding litigation, now and in the future. For this reason, lawyers are trained to be pessimists - they try to foresee and protect against everything that can possibly go wrong. Businesspeople sometimes view this lawyering as a waste of time and a potential deal-killer.




nautica902

  • Member
  • Posts: 591
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)


Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Excellent

 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

For a complete list of videos, visit our video library