A False Consensus Bias Is When You Believe That Most

question 44

True/False

A false consensus bias is when you believe that most people do not share your bias.

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Definitions:

Contract Frustration

A legal concept whereby a contract is terminated because an unforeseen event has rendered contractual obligations impossible to perform.

Express Repudiation

The act of clearly and explicitly refusing to perform an obligation or duty outlined in a contract.

Obligations Refusal

A situation where an individual or entity declines to fulfill a duty or agreement previously committed to.

Liquidated Damages

A set sum of money required as a penalty for not fulfilling contractual obligations.