Damages Are Not Generally Awarded in Cases of Innocent Misrepresentation

question 22

Multiple Choice

Damages are not generally awarded in cases of innocent misrepresentation, however, "out- of- pocket" expenses might be awarded. These are referred to as

• A) trivial damages.
• B) an expense supplement.
• C) compensation or indemnity.
• D) expense benefits.
• E) rescission expenses.

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Definitions:

Level of Significance

A threshold in statistical hypothesis testing below which a result is considered statistically significant.

Critical Value

A point on a statistical distribution that represents a threshold beyond which a given hypothesis is rejected.

P-value

The probability of obtaining the observed results of a test, assuming the null hypothesis is true.

Sample Sizes

The number of observations or datapoints used in a sample for the purpose of statistical analysis.