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Author Question: Define and compare the terms vagueness and ambiguity.[br][br][b][color=#566D7E]Question ... (Read 87 times)

stevenposner

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on: Jun 24, 2018
Define and compare the terms vagueness and ambiguity.

Question 2

The Uniform Commercial Code has provisions applicable to international business allowing substituted performance.
  Indicate whether the statement is true or false


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Missbam101

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Reply #1 on: Jun 24, 2018
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

TRUE


stevenposner

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Reply 2 on: Jun 24, 2018
Wow, this really help

okolip

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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