Analytics LLC Processes Misinterpreted Data Furnished by Botch Services to Propose

question 28

Multiple Choice

Analytics LLC processes misinterpreted data furnished by Botch Services to propose a marketing plan for Clientele Inc. Analytics and Clientele are both ignorant of the mistaken data. Their contract can be rescinded on the basis of

• A)a bilateral mistake.
• B)a mistake of quality.
• C)a unilateral mistake.
• D)none of the choices.

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Definitions:

Freight Charges

Fees paid for the transportation of goods from one place to another, typically charged by shipping companies.

Residual Value

The estimated amount that an asset will be worth at the end of its useful life, after deducting any expected costs of disposal.

Straight-Line Method

A method of calculating depreciation by evenly spreading the cost of an asset over its expected useful life.

Depreciation Rate

The percentage rate at which an asset decreases in value over a specific period, often used for tax and accounting purposes.