"Law" does not Govern contract prices. O Establish the values of a society. O Establish rights, duties, and privileges. Govern relationships between citizens and their governments. A court is faced with a contract interpretation problem and the face of the instrument is not entirely clear. The court will likely use which of the following in its interpretation: O Any ambiguity is construed against the drafting party. O Contracts should be interpreted in light of pertinent usages of trade in the locale or industry. All of the above. Specific terms will prevail over general terms. Nick represents himself as a licensed and registered contractor in New Jersey, but in actuality he is only licensed in Pennsylvania. New Jersey requires all contractors to be licensed and registered with the State. Nick and Pam enter into a contract whereby Nick agrees to build a warehouse for Pam in New Jersey. Such a contract is most likely which of the following: O Enforceable only if the outcome is successful. O Enforceable only if Pam knows that Nick is unlicensed. Not enforceable. Enforceable only if Pam does not object after learning of Nick's status