Which of the Following Situations Is Not One in Which

question 3

Multiple Choice

Which of the following situations is not one in which a claimant may seek rescission of a contract?

• A) Contracts entered under mistake.
• B) Contracts entered into under undue influence.
• C) Contracts entered into under a misrepresentation.
• D) Contracts entered into which contain unfair terms.

---

Definitions:

Direct Materials

Raw materials that are directly traceable to the manufacturing of a product and are significant in cost.

Specific Process

A defined sequence of activities or steps designed to achieve a particular outcome, often unique to a particular field or industry.

Direct Materials

The raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the production cost.

Direct Labor

The wages or salaries paid to employees who are directly involved in producing goods or providing services.