Asked by Mashudu Trinity on Jun 09, 2024

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The first rule of contract interpretation,under the ________,tells judges that their primary objective in the interpretation of a written contract is to uncover the goals that the parties had when they entered into the contract in the first place.

A) standard construction rule
B) state of frauds
C) subjective construction rule
D) mutual assent rule

Contract Interpretation

The process of determining the meaning of the terms and provisions within a contract, often involving analysis of language, context, and intent of the parties.

Standard Construction Rule

Principle in legal interpretation that mandates the use of ordinary or commonly accepted meanings of words, in the absence of specific definitions.

Mutual Assent Rule

A fundamental principle in contract law that states a contract is only formed when parties involved agree on the same terms at the same time, indicating mutual agreement.

  • Understand the fundamental principles and rules of contract law.
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LB
Lauren BoshartJun 12, 2024
Final Answer :
A
Explanation :
The first rule of contract interpretation under the standard construction rule is to determine the intentions of the parties involved at the time the contract was formed. This approach focuses on understanding the mutual goals and agreements as they were originally intended, rather than imposing external meanings or interpretations.