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On specifications and standards published by the United States Department of Defense (DoD), requirements with "shall" are the mandatory requirements. ("Must" shall not be used to express mandatory provisions. Use the term "shall".) "Will" declares intent or simple futurity, and "should" and "may" express nonmandatory provisions. [22] [23] [24]
must: It must be hot outside. Sam must go to school. – shall: This shall not be viewed kindly. You shall not pass. – should: That should be surprising. You should stop that. – will: She will try to lie. – – would: Nothing would accomplish that. – – ought That ought to be correct. You ought to be kind.
With second- and third-person subjects, shall indicates a directive or prophecy: Cinderella, you shall go to the ball! It is often used in writing laws and specifications: Those convicted of violating this law shall be imprisoned for a term of not less than three years; The device shall be able to operate within a normal temperature range.
Necessity: The term must be necessary to ensure reasonable or effective operation of a contract of the nature before the court. Consistency: The implied term may not contradict an express term (same as for formal contracts). Clear expression: The term must be capable of clear expression (same as for formal contracts).
The Presentment Clause, which is contained in Article I, Section 7, Clauses 2 and 3, provides: . Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States: If he approve he shall sign it, but if not he shall return it, with his Objections to that House in which it shall have originated, who ...
Going long vs. going short The distinction between going long and going short is brief but important: Being long a stock means that you own it and will profit if the stock rises.
This canon, Expressio unius for short, may exclude everything listed of the same type as the things listed, without excluding things of a different type. [29] [30] In order to properly execute this canon, you must find the normative baseline, and determine whether the gap runs through the normative basis, or falls outside of it. This canon is ...
Call options are one of the two major types of options, and investors have two ways to use them: either selling them or buying them. Buying, or going long, calls offers tremendous potential gains ...