Interpretation Flashcards
is whether a term, clause, or agreement will be enforced and how it will be enforced (what effect the words have in the real world).
Legal effect”
Where the parties have attached the same meaning to a promise or agreement or a term thereof, it is interpreted in accordance _____ ____ _______.
with that meaning
Where the parties have attached different meanings to a promise or agreement or a term thereof, it is interpreted in accordance with the meaning ________ __ ____ of them if at the time the agreement was made
that party did not know of any different meaning attached by the other, and the other knew the meaning attached by the first party; or
that party had no reason to know of any different meaning attached by the other, and the other had reason to know the meaning attached by the first party
attached by one
Except as stated in this Section, neither party is bound by the meaning attached by the other, even though the result may be a failure of ______ ______
mutual assent.
an interpretation which gives a ________ _______ & _______ meaning to all the terms is preferred to an interpretation which leaves a part unreasonable, unlawful, or of no effect;
reasonable, lawful, and effective
_______ _____ are given greater weight than course of performance, course of dealing, and usage of trade, course of performance is given greater weight than course of dealing or usage of trade, and course of dealing is given greater weight than usage of trade;
express terms
_______ _____ and exact terms are given greater weight than general language;
specific terms
separately negotiated or added terms are given greater weight than __________ terms or other terms not separately negotiated.
standardized
Read words in context. So if a word is in a series, look at the other words in the series to help interpret the word in question. If a word is in a sentence, list, paragraph, look at the words in that grouping to help interpret the word in question.
Noscitur a sociis. “Is known by friends.”
A general term joined with a specific one will be deemed to include only things that are like the specific one.
Ejusdem generis. “Same kind”
If one or more specific items are listed, without any more general or inclusive terms, other items although similar in kind are excluded.
Expressiou unius exclusio alterius. “Listing of one excludes the other”
An interpretation that makes the contract valid is preferred to one that makes it invalid.
Ut magis valeat quam pereat. “To have an effect rather than no effect.”
It a written contract contains a word or phrase which is capable of two reasonable meanings, one of which favors one party and the other which favors the other, that interpretation will be preferred which is less favorable to the one by whom the contract was drafted. (Interpret against the drafter)
Omnia praesumuntur contra proferentum. “All presumed against the speaker.”
A writing or writings that form part of the same transaction should be interpreted together as a whole, that is, every terms should be interpreted as part of the whole and not as if isolated from it.
Interpret the contract as a whole.
The principal apparent purpose of the parties is given great weight in determining the meaning to be given manifestations of intention or to any part thereof.
Purpose of the parties.