If Rescission Is Unavailable in a Case of Innocent Misrepresentation,and

question 2

Multiple Choice

If rescission is unavailable in a case of innocent misrepresentation,and the misstatement was an important inducement,and the aggrieved party has suffered substantial loss,the court may look at the misrepresentation as

• A)negligent,and award damages.
• B)a contractual nuisance.
• C)an obligation in tort.
• D)a breach of contract.
• E)a term to the agreement.

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Definitions:

Time-Driven

An aspect or method that is based on the duration or amount of time required to perform tasks or processes.

Activity-Based Costing

Activity-based costing is a method of allocating overhead costs to products or services based on the activities that consume resources, aiming for more accurate product costing.

Processing Orders

The activities involved in receiving, handling, and fulfilling customer orders, which may include stages like order entry, picking, packing, shipping, and handling returns.

Time-Driven

A methodology that calculates costs based on the time required to produce goods or services.