A Deliberate Change of an Important Element in a Written

question 7

Multiple Choice

A deliberate change of an important element in a written contract that affects the rights or obligations of the parties is known as a(n) :

• A) mitigation.
• B) breach of contract.
• C) material alteration.
• D) injunction.

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Definitions:

Potential Losses

Possible negative outcomes or detriments that could occur as a result of specific actions, decisions, or events.

Choices

The act of selecting between two or more possibilities, reflecting personal preference, values, or circumstances.

Availability Heuristic

The tendency to judge the probability of a type of event by how easy it is to think of examples or instances.

Probability

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