A Second-Level Item in a List Is Sometimes Called a Subitem

question 8

True/False

A second-level item in a list is sometimes called a subitem.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines terms and conditions of a transaction or arrangement.

Duress

A condition where an individual performs an act as a result of violence, threat, or other pressure against the person, which may render a contract voidable.

Scienter

Knowledge of wrongdoing or fraudulent intent, particularly in the context of securities law, where it refers to a party's knowledge of false or misleading statements.

Rescind

The act of revoking, canceling, or repealing a contract, returning all parties to their state prior to the agreement.