Contracts That Are Induced by Misrepresentation Are Considered

question 39

Multiple Choice

Contracts that are induced by misrepresentation are considered:

• A)voidable.
• B)enforceable.
• C)material.
• D)fraudulent.

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Definitions:

Differential Cost

The difference in cost between two alternative decisions or scenarios, important in the process of making financial decisions.

Book Value

The net value of a company's assets less its liabilities and preferred stock, often used to estimate the company's worth.

Yearly Expense

The total amount of money spent by a business or individual over the course of a year, including operational, administrative, and living expenses.

Old Equipment

Machinery or tools that have been used for a long period and may be outdated or less efficient compared to newer versions.