This seems like a stupid question at first but trust me if you think about it this is not clear. In the real world of logic, if you say "Or" it means that one or the other applies. If you have a checking account with Jane or Bob with signing priviledge, then only one or the other has to sign. If you have a checking account with Jane and Bob, they both have to sign. On my boat, it says Max capacity of 7 people "or" 1070 lbs. So if I have 3 adults and 5 small children, and am well under the weight limit (like 200 lbs), am I in compliance? It seems like the "or" indicates that you have to be in compliance with one or the other the way it is worded, or why would'nt they say "And" like used in conventional logic? Please help and if you can provide ANYTHING that confirms this such as a link to a legal reference that would be helpful.