The Remedies of Damages and Rescission Are Available For

question 11

Multiple Choice

The remedies of damages and rescission are available for:

• A)fraudulent misrepresentation.
• B)negligent misrepresentation.
• C)innocent misrepresentation.
• D)All of the above.

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Definitions:

Operating Leases

Leasing agreements for assets where the lessor retains ownership, and the lessee uses the asset for a specified period.

Financial Leases

Long-term leases that are non-cancellable and include terms to buy the asset at the end of the lease period.

Equity Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell a stock at a specified price before a certain date.

CCA Tax Shield

A deduction that allows businesses to depreciate the cost of an asset over time for tax purposes, reducing their taxable income.