Which of the Following Statements Is True of Rescission

question 40

Multiple Choice

Which of the following statements is true of rescission?

• A) It results in awarding monetary damages to a nonbreaching party that is intended to punish the breaching party of a contract.
• B) It arises from unusual losses that were foreseeable.
• C) If a party to a contract intentionally relinquishes a right to enforce the contract, a rescission occurs.
• D) If a party to a contract choses rescission as a remedy, that party cannot also make a claim for damages.
• E) If a party to a contract announces the other party does not have to perform as promised, a rescission exists.

---

Definitions:

Registered Democrats

Registered Democrats are individuals who have officially registered to vote as members of the Democratic Party in the United States.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, important in inferential statistics for making inferences about a population.

Population Variances

A measure of the dispersion or spread of the entirety of data points in a population.

Student-t

A distribution that looks similar to the normal distribution but has thicker tails, used especially in scenarios of small sample sizes.