Misrepresentation of Law Will Be Allowed as Grounds for Rescission

question 38

True/False

Misrepresentation of law will be allowed as grounds for rescission of the contract if one party to the contract is a professional who should know what the law is and intentionally misrepresents the law to a less sophisticated contracting party.

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Definitions:

Sample Proportion

The ratio of members within a sample that possess a particular trait or characteristic, relative to the total sample size.

Null Hypothesis

The hypothesis that predicts no interaction or association between variables, serving as the benchmark for statistical testing.

Null Hypothesis

The hypothesis that there is no effect or no difference, and any observed deviation from this is due to sampling or experimental error.

Level of Significance

A threshold used in hypothesis testing to determine if a result is statistically significant, often represented by the alpha (α) level.