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Which of the Following Statements Is True

question 14

Multiple Choice

Which of the following statements is true? 


Definitions:

Quasi-contract

An obligation imposed by law to prevent unjust enrichment, where the court enforces a contractual obligation on parties who have not agreed to enter into a contract.

Rescission

The legal act of voiding a contract and returning all involved parties to their pre-contractual positions, often due to misrepresentation, fraud, or error.

Compensatory

Referring to a form of damages awarded to a plaintiff in a lawsuit to compensate for lost items, damage, or injury.

Breach of Contract

Happens when a party does not meet their contractual duties, enabling the other party to pursue legal solutions.

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