Asked by ronak hindocha on May 03, 2024
Verified
Insofar as possible, a reasonable, lawful, and effective meaning will be given to all of the terms of a contract.
Reasonable, Lawful
Actions or decisions that are made with rational justification and comply with established laws.
- Gain insight into the incorporation of objective and subjective aspects in contract elucidation.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
True
Explanation :
This principle is known as the rule of reasonable interpretation, which aims to give effect to all terms of a contract in a manner that is lawful and effective, avoiding any interpretation that renders a term meaningless or ineffective.
Learning Objectives
- Gain insight into the incorporation of objective and subjective aspects in contract elucidation.
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