Mistakes in Clerical or Mathematical Errors Which Are Not the Result

question 49

True/False

Mistakes in clerical or mathematical errors which are not the result of gross negligence are considered unilateral mistakes.

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Definitions:

Retail Outlet

A storefront or shop that sells goods directly to end consumers, often as part of a larger chain or franchise.

Optimal Level

The most favorable point, amount, or degree of something for a particular situation or purpose.

Loan Terms

The conditions and agreements under which a loan is provided, including the interest rate, repayment schedule, and other obligations.

Cash on Hand

Refers to the total amount of liquid assets that are accessible to a company or individual at any given time.