Question 3 2 pts Percy and Zenith University execute a written contract which contains a provision that states it will e
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Question 3 2 pts Percy and Zenith University execute a written contract which contains a provision that states it will e
Question 3 2 pts Percy and Zenith University execute a written contract which contains a provision that states it will effective for a "year" with Percy's monthly compensation set at $10,000, even if Percy's cyber-business courses are canceled. Due to low enrollment, the university cancels the cyber-business program and pays Percy the balance of $90,000. Percy sues, claiming that a "year" is obviously 12 months and his total pay was to be $120,000. Zenith University claims that the contract meant the 9-month school year and the total compensation was $90,000. In this case: parol evidence cannot be used to explain the term, because the plain meaning of a "year" is 12 months the term "year" is ambiguous, and the parties can bring in parol evidence to clarify their intent O ALL of the answers are correct O parol evidence cannot be used to explain the term, because it is in an integrated document
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!