Exam 10: Writing and Interpretation

An insurance contract is a type of standard form contract.The courts have specifically adopted special interpretation rules concerning the interpretation of ambiguous terms in insurance contracts.Identify the three main rules the court uses.

John orally agrees to sell his land to Mary for $50 000.00,and Mary gives John a deposit of $15 000.00.The agreement is to close (be completed)in 30 days.Two days later,John gives Mary a note saying,"I know that you are buying the land to develop it." Five days after this,John tells Mary he has changed his mind and refuses to sell her the land,and Mary accepts this.In a lawsuit by Mary to recover her deposit

The substance of a contract may have a variety of

The essential elements of a contract that must be in a written memorandum are the parties and the price.

A contract that is unenforceable under the Statute of Frauds may be saved by a subsequent written memorandum.

Allan and Nora enter into an oral agreement for the sale of Allan's land to Nora for a price to be decided on later,and Allan sends Nora a written memorandum setting this out.In the memorandum Allan goes on to state that settling on the price of the land is very important.In a lawsuit by Nora to get the land