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Questions and Answers
Which of the following is NOT discussed as a learning objective in this unit?
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?
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?
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?
What should be understood about the law governing the contract when drafting?
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What is the role of choosing appropriate precedents in drafting a contract?
What is the role of choosing appropriate precedents in drafting a contract?
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