When a Person Claims to Have Been Deceived into Signing

question 63

True/False

When a person claims to have been deceived into signing a negotiable instrument by being told it is something else, the level of his or her intelligence may determine whether he or she should have understood the nature of the deal before signing.

---

Definitions:

Limited Information

Situations or decisions made where the available data or knowledge is incomplete.

Perfect Rationality

The assumption or condition under which individuals make decisions that are entirely logical and optimize their self-interest.

Turnover

The rate at which employees leave a company and are replaced by new employees, affecting the company's performance and morale.

Decision-Making Error

Mistakes or flaws in the process of choosing between alternatives that can lead to suboptimal or harmful outcomes.