Which of the Following Statements Is TRUE

question 28

Multiple Choice

Which of the following statements is TRUE?

• A)The doctrine of non est factum is not available if a person failed to read a contract simply because her glasses were broken.
• B)The phrase "non est factum" is a Latin phrase that means "I cannot find the document."
• C)The doctrine of non est factum was developed in law and not in equity.
• D)The doctrine of non est factum can lead to rescission, but it cannot be used for the purpose of rectification.
• E)The doctrine of non est factum is available only under a statute.

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Definitions:

Bad News Earnings Surprises

Occur when a company reports lower earnings than market analysts' expectations, often leading to a negative reaction in the stock market.

Stock Returns

The gain or loss on a stock investment, typically expressed as a percentage of the investment's initial cost.

Earnings Announcement Date

The specific date on which a company publicly releases its financial performance for a specific period, usually quarterly or annually.

Financial Reports

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.