contractForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › contractThis topic has 1 reply, 2 voices, and was last updated 4 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts December 3, 2019 at 8:07 am #554583 xyzcParticipantTopics: 412Replies: 174☆☆☆☆Are the following statements correctAn ambiguity in the contract will be interpreted against the party trying to avoid liabilityA contract is not legally binding if it is a private agreement December 3, 2019 at 12:55 pm #554640 MikeLittleKeymasterTopics: 27Replies: 23137☆☆☆☆☆Yes andNo (depends what you mean by ‘private agreement’. To be binding, a contract must be made with BOTH parties intending that it should be legally binding (made with the intention of creating legal relations))OK?AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In