For Rescission to Be Available as a Remedy for a False

question 38

True/False

For rescission to be available as a remedy for a false statement, a misrepresentation must have been made with scienter.

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Definitions:

Alcoholism

A chronic condition characterized by an uncontrollable urge to consume alcohol despite adverse consequences.

Economic Gains

The increase in wealth or resources, often measured in terms of profit, earnings, or improvement in living standards.

Prejudice

An attitude that prejudges people, usually in a negative way.

Discrimination

An act that treats people unequally or unfairly.