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The Plea of Non Est Factum Allows a Person to Avoid

question 68

True/False

The plea of non est factum allows a person to avoid a signed contract whenever they are mistaken about a key term or condition even if they do not bother to read the contract.


Definitions:

Investment Project

An undertaking requiring capital investments with the aim of generating future returns.

Interest Rate

is the percentage of a loan amount charged by the lender to the borrower for the use of assets.

Net Present Value

A calculation that compares the present value of a project's cash inflows to its cash outflows, used to assess the viability or profitability of an investment.

Interest Rate

The percentage of a loan that incurs interest costs for the borrower, often stated as an annual rate of the outstanding loan amount.

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