Even If a Party Has the Power to Avoid a Contract

question 47

True/False

Even if a party has the power to avoid a contract for lack of capacity,duress,or undue influence,the party will lose that power by affirming the contract.

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Definitions:

Average Rate of Return on Investment

An investment's return expressed as an annualized percentage, calculating how much an investment has gained compared to its initial cost.

Compound Interest

The interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan.

Average Rate of Return

The ratio of the average annual profit earned through an investment to the original investment, expressed as a percentage.

Total Income

The sum of all earnings or revenues a person or company generates before any deductions.