Balance Theory Is Based on the Inconsistency Principle

question 16

True/False

Balance theory is based on the inconsistency principle.

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Definitions:

Voidable

A term referring to a contract or transaction that remains valid until one party decides to cancel or nullify it due to certain legal defenses.

Minor

An individual under the legal age of adulthood, which varies by jurisdiction but is commonly 18.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights.

Mistake Of Fact

A mistake of fact refers to a misunderstanding or incorrect belief about a fact relevant to a contract or a legal proceeding, affecting the decisions made by the parties involved.