A Contract That Includes a Bilateral Mistake May Be Rescinded

question 70

Multiple Choice

A contract that includes a bilateral mistake may be rescinded if the mistake involves

• A)a material fact.
• B)any fact.
• C)an opinion.
• D)none of the choices.

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Definitions:

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points, indicating the degree to which individual data points differ from the mean.

Beta

An indicator of a stock's fluctuation in comparison to the general market, denoting its relative risk to the average market movement.

Diversification

A risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to reduce exposure to any single asset or risk.

Risk-Averse Investors

Investors who prioritize minimizing risk over maximizing returns, often choosing safer, lower-yield investments.