Examlex
Scenario
In May 2014, the European Union (EU) published a report of population structure and aging data that described growing trends of low birth rates and longer life expectancies in the EU. In their report, the EU described that due to these trends, some EU member states were beginning to demonstrate a population structure with many much-older individuals.
-Why might this changing population structure be a concern for EU leaders?
Rescission
The legal cancellation of a contract, which may release all involved parties from their contractual obligations.
Damages
Monetary compensation awarded by a court to a party who has suffered loss or harm due to the wrongful act or negligence of another.
Fraud
An intentional deception made for personal gain or to damage another individual.
Misrepresentation
A false statement of fact made by one party to another, which, while inducing that party to enter into a contract, leads to its breach.
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