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George met with an accident while skiing. He brings a negligence suit against Joe, who rented the skis to George. Which of the following statements is true of this scenario?
Material Facts
Facts that are significant or essential to the issue at hand, and that can influence a decision or outcome.
Void
Refers to an agreement or contract that is deemed legally invalid and unenforceable from the outset, as if it never existed.
Reformation
A court-ordered correction or modification of a written contract to reflect the true intentions of the parties when the contract was mistakenly drafted.
Coverage Assumptions
Speculations or estimations regarding the extent and conditions of insurance policy coverage.
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