The Average Person Is More Likely to Make a Mistake

question 47

Multiple Choice

The average person is more likely to make a mistake choosing _______ than what to have for dinner, due to the complex nature of the topic.

• A)how to save for retirement
• B)which college to attend
• C)which type of health plan to choose
• D)All of these are true.

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Definitions:

Specific Performance

A legal remedy requiring a party to fulfill their obligations under a contract, rather than merely compensating the other party with damages.

Promissory Note

An economic tool involving a formal commitment from one entity to another to remit a specific amount of cash, payable either upon request or on a predetermined date in the future.

Third-party Complaint

A legal document filed in a lawsuit by a defendant who believes that a third party (not currently involved in the lawsuit) is partially or fully responsible for the claim filed by the plaintiff.

Counterclaim

A claim made by a defendant in a civil lawsuit against the plaintiff, essentially acting as a counter-lawsuit within the same proceeding.