Use the Fact Situation in Q10 to Answer the Related

question 27

Multiple Choice

Use the fact situation in Q10 to answer the related question that follows. The principle of contract law that arises in the fact situation above is

• A)revocation.
• B)fraudulent misrepresentation.
• C)deceit.
• D)fresh consideration.
• E)promissory estoppel.

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Definitions:

Investment

The allocation of money into financial assets, property, or other ventures in the expectation of obtaining an income or profit.

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage.

Future Value

The estimated value of an investment or a financial asset at a specific future date, considering factors like interest rates or returns over time.