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Alice Makes a Material Misrepresentation of Fact to Lila,and Based

question 11

True/False

Alice makes a material misrepresentation of fact to Lila,and based upon the misrepresentation,Lila enters into a contract.Lila now realizes she was deceived and wants to get out of the contract.This contract is voidable at Lila's option.


Definitions:

Circuit Breakers

Mechanisms used in stock exchanges to temporarily halt trading on an exchange to curb panic-selling, triggered by drastic drops in value.

Flash Crashes

Rapid, deep, and volatile market declines, usually occurring within a very short time period, often caused by automated trading.

New York Stock Exchange (NYSE)

The largest stock exchange in the world by market capitalization, located in New York City.

Inside Quotes

The highest bid and the lowest ask prices among various market makers or participants in a financial market for a particular security.

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