For Fraudulent Misrepresentation to Be the Basis for a Contract

question 88

True/False

For fraudulent misrepresentation to be the basis for a contract rescission, the statement of fact must in writing.

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Definitions:

Worker

An individual employed to perform tasks or services in exchange for compensation, such as wages or salaries.

MRP of Labor

The Marginal Revenue Product of Labor, representing the additional revenue generated from hiring one more unit of labor.

Market Wage Rate

The prevailing rate of pay for work of a similar nature within a given labor market.

Hiring Labor

The process of finding, selecting, and employing people to work for wages or salaries.