Mastering Preliminary Drafting Concerns
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Questions and Answers

Which of the following is NOT discussed as a learning objective in this unit?

  • The importance of understanding the law governing the contract
  • The benefits of authoring the first draft of a contract
  • The role of legal counsel in the pre-drafting process (correct)
  • The significance of ethical conduct when drafting

    • What is the significance of becoming familiar with the underlying business deal when drafting a contract?

  • It determines the intended audience of the contract
  • It helps in settling issues before creating the first draft
  • It ensures ethical conduct in the drafting process
  • It helps in choosing appropriate precedents for the draft (correct)

    • Why is it important to draft the contract for the intended audience?

  • To determine the underlying business deal
  • To ensure ethical conduct in the drafting process
  • To make the contract more understandable and effective (correct)
  • To choose appropriate precedents for the draft

    • What should be understood about the law governing the contract when drafting?

    <p>The legal principles and regulations applicable</p> Signup and view all the answers

    What is the role of choosing appropriate precedents in drafting a contract?

    <p>To provide starting points for the draft</p> Signup and view all the answers

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