Examlex
Which of the following forms of data mining assigns records to one of a predefined set of classes?
Fraudulent Misrepresentation
A false statement made knowingly or recklessly intended to deceive the other party, leading to a contract or agreement being voidable.
Innocent Misrepresentation
A false statement made honestly and without the intent to deceive, which may lead to the voiding of a contract if relied upon by the other party.
Rescission
The cancellation of a contract, returning all involved parties to their state before the contract was made.
Damages
Financial compensation awarded to a party in a lawsuit for loss or injury suffered as a result of another party's actions.
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