What is the preferred means of ensuring each party to a contract knows its obligations and the obligations of the other party?
A) The rules of plain meaning are followed.
B) The essential implied contractual terms are expressed.
C) The rules of construction are followed.
D) The essential terms of a contract are articulated.

Question

Quizplus · Accepted Answer

The best means of ensuring each party to a contract knows its obligations and the obligations of the other party is by articulating the essential terms of the contract. This includes outlining the obligations of each party in clear and concise language. While the other options may be helpful in interpreting and enforcing the contract, they do not directly address the issue of ensuring each party's understanding of its obligations.

What Is the Preferred Means of Ensuring Each Party to a Contract