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How Can You Be Sure the Information You Are Using

question 45

Multiple Choice

How can you be sure the information you are using is accurate and of good quality?


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.

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