In General,when One Party Who Is Not a Professional Makes

question 33

True/False

In general,when one party who is not a professional makes a misrepresentation about the law to the other party to a contract,the deceived party can avoid the contract on the basis of the misrepresentation.

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Definitions:

Nash Equilibrium

A concept within game theory where each player's strategy is optimal given the strategies of all other players, and no player has anything to gain by changing only their own strategy.

Simultaneous Game

A strategic game where all players make their decisions at the same time, often used in the context of game theory to analyze competitive situations.

Shoplifter

An individual who steals goods from a retail establishment.

Simultaneous Game

A game theory concept where players choose their strategies and make their moves at the same time, without knowledge of the others' choices.