In the Case of a Typo, a Court Will Reform a Contract

question 39

True/False

In the case of a typo, a court will reform a contract if there is clear and convincing evidence that the alleged mistake does not actually reflect the true intent of the parties.

Analyze market segments based on patronage and demographic data to inform marketing strategy.

Understand the step-by-step process involved in conducting marketing research.

Learn the importance of evaluating the results of marketing decisions, including the decision process and decision outcomes.

Recognize the role of cross-tabulation in organizing and presenting marketing data.

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Definitions:

Delegable

Capable of being assigned or entrusted to another person or party, particularly in the context of duties or authority.

Contractual Duty

An obligation imposed by a contract that requires a party to act or refrain from acting in a certain manner.

Novation

The act of replacing an obligation to perform with a new obligation or replacing a party to an agreement with a new party.

Discharging Contract

Discharging a contract refers to the process by which parties are released from their obligations under the contract, for reasons such as fulfillment of the contract terms, mutual agreement, or impossibility of performance.