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Um digos college department of accounting education

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UM Digos CollegeDepartment of Accounting EducationRoxas Extension, Digos Cityd. The various stipulations of a contract shall be interpreted together,attributing to the doubtful ones that sense which may result from all of themtakes jointly.e. If the contract is clear, the judge must interpret and construe it in order todetermine the hidden motive of the contracting parties.118.The following are the rules for interpreting or construing a contract,excepta. Words which may have different significations shall be understood in thatwhich is most in keeping with the nature and object of the contract.b.The usage of custom of the place shall be borne in mind in the interpretationof the ambiguities of a contract, and shall fill the omissions of stipulationswhich are ordinarily established.c. The interpretation of obscure words or stipulations in a contract shall notfavor the party who caused the obscurity.d.Whenever the contract provides for payment of penalty in case of breach, itshall be interpreted liberally in favor of the awarding of penalty.119.When it is impossible to settle doubts by rules established in the preceding
ACC 311*Property of UMDCPage 25 of 34
numbers, and the doubts refer to incidental circumstances of a gratuitous contractsuch as donation or commodatum, what shall be the interpretation of the contract?120.When it is impossible to settle doubts by the rules established in the
preceding numbers and the doubts refer to incidental circumstances of an onerouscontract such as sale or lease, what shall be the interpretation of the contract?

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Term
Winter
Professor
N/A
Tags
Contract Law, UM Digos College, Department of Accounting Education

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