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According to the attachment, the cardinal rule of contract interpretation is to carry out the original intent of the parties. Please respond to the following:
1) Explain what this assertion means and why it is considered so important.
2) Select any one of the secondary rules of determining the original intent of the parties, as described in the attachment. Explain how this secondary rule promotes the determination of the original intent of the parties.
The secondary rules of determining the original intent of the parties are listed below. To get a better understanding please read the attachment
The party must read the contract as a whole
Express language prevails
Conduct of the parties
Knowledge of the other partyÂ’s interpretation
Prior course dealings
Custom in the trade
Order of precedence
Interpreted Against the Drafter
3) According to the FAR, describe the principal contractor actions that can lead to a termination for default. Present an argument for or against the fairness and effectiveness of any one of these provisions.
4) According to the FAR, identify the principal contractor defenses to default termination. Present an argument for or against the fairness and effectiveness of any one of these provisions.
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