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Under Which of the Following Types of Misrepresentation Is the Innocent

question 44

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Under which of the following types of misrepresentation is the innocent party usually not able to rescind a contract?


Definitions:

Market Price

The immediate value at which an asset or service is offered for buying or selling.

Available-for-Sale Investments

Securities that are not classified as held-to-maturity or trading securities, and can be sold in the future.

Market Value

The current market cost at which a service or asset is being bought or sold.

No Par Stock

Stock issued without a nominal or face value, where the value is determined by what investors are willing to pay for it.

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