Any Fraud on the Part of a Party to a Contract

question 1

Multiple Choice

Any fraud on the part of a party to a contract provides a basis for ________.

• A)judicial recognition of an equitable remedy for the defendant
• B)judicial recognition of an implied-in-law contract
• C)judicial enforcement of an implied-in-fact contract
• D)contract rescission
• E)contract reformation

---

Definitions:

Consumer Durable

A category of consumer goods characterized by their long life span, such as appliances, vehicles, and furniture.

Business Investment

Expenditure made by businesses to purchase capital goods or services, aimed at furthering company growth and generating revenue.

Government Borrowing

The process by which a government raises funds to finance its expenditure that exceeds revenue, typically through issuing debt securities.

Budget Field

A category within a budget, specifying an area of financial activity, such as revenues, expenses, or investments.