When a Court Rewrites a Contract to Express the Parties

question 115

Multiple Choice

When a court rewrites a contract to express the parties' true intentions,what remedy has it used?

• A) reformation
• B) restitution
• C) specific performance
• D) substituted contract
• E) quasi-contract

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Definitions:

Interest Rates

The fee, indicated as a percentage of the principal amount, that a lender charges a borrower for the utilization of resources.

Terminal Value

An estimate of a business's value beyond the explicit forecast period and into perpetuity, often used in financial modeling to estimate the company's long-term sustainability.

Non-Normal Cash Flows

Cash inflows and outflows that do not follow a regular, predictable pattern over time.

MIRR

Modified Internal Rate of Return; a financial measure used to evaluate the attractiveness of investments, adjusting for the costs of investment and for different rates of reinvestment of cash flows.