European Terms State the Foreign Currency Price of One U

question 39

True/False

European terms state the foreign currency price of one U.S. dollar (for example C$1.1054/$).

---

Definitions:

Rescission

The cancellation of a contract, returning all parties involved to their states prior to the contract's execution.

Innocent Representation

A truthful statement or declaration made without the intent to deceive, typically relevant in contracts or negotiations.

Mistake Of Law

An error made by a person in understanding the law as it pertains to their actions or a situation.

Reasonable Reliance

The dependence by one party on the representations or promises of another where such reliance is logically or legally justifiable.