A Person Who Rescinds an Illegal Contract Before Any Illegal

question 17

True/False

A person who rescinds an illegal contract before any illegal act has been performed can usually recover any consideration he has given the other party.

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Definitions:

Definite Outcomes

A term used to describe results or consequences that are clear, predictable, and unambiguous.

Probabilities

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Error Management Theory

This evolutionary psychology theory suggests that humans are biased toward making the type of error that is less costly in terms of evolutionary fitness.