Which of the Following Statements Is True

question 5

Multiple Choice

Which of the following statements is true:

• A) Rectification is a discretionary remedy.
• B) Rectiifcation is not a discretionary remedy.
• C) Rectification may not be awarded where the claimant has acted unconscionably in some way
• D) Rectification may not be awarded where it would affect the position of third parties who have acted in good faith.

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Definitions:

Exchange Rate

The rate at which one currency can be exchanged for another currency, affecting international trade and investments.

Canadian Dollars

The official currency of Canada, represented by the code CAD in the foreign exchange market.

U.S. Dollars

The official currency of the United States, used as a standard monetary unit.

Foreign Exchange Rate

The worth of one currency in relation to another for conversion purposes, establishing the rate at which one currency can be exchanged for another.