Author Question: Define and compare the terms vagueness and ambiguity.[br][br][b][color=#566D7E]Question ... (Read 33 times)

stevenposner · **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

Missbam101 · **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