Examlex

Solved

Which Statement Best Reflects the Difference Between the Term "Minority

question 107

Multiple Choice

Which statement best reflects the difference between the term "minority" and "visible minority"?


Definitions:

Rescission

Rescission is the act of invalidating a contract, returning the parties involved to their positions prior to the agreement, under circumstances such as misrepresentation or fraud.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly with the intent to deceive, leading another to enter into a contract.

Void Ab Initio

A term meaning "void from the beginning," indicating that a contract or agreement was invalid from the start.

Straight Commission

A compensation model in sales where an employee's income is derived entirely from the commissions made on the sales they secure.

Related Questions