Explore the process by which courts determine the meaning of indefinite, ambiguous, or omitted terms in a contract to allow enforcement, as well as the standards of preference courts typically apply.
A contract, when formed, may be found enforceable. However, there are usually several additional steps that must be taken before the contract may be actually enforced. One of these steps is the process of interpretation, in which courts determine the meaning of the terms that are to be enforced. Today, you’ll be learning about the interpretation of contracts.
We’ll start off our discussion by talking about what interpretation is and what it involves. We’ll also cover some of the standards of...