A Basis Point Is .01 Percent

question 34

True/False

A basis point is .01 percent.

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Definitions:

Unconscionable

Describing terms or conditions that are excessively unfair or unjust, often to a degree that they are deemed unenforceable under law.

Cumulative Remedies

Legal provisions that allow a plaintiff to pursue multiple remedies or forms of relief in response to a single injury or breach of contract.

Withhold Delivery

An action by which a seller or supplier refrains from handing over or sending goods to the buyer, often due to a dispute or non-payment.

Wrongful Rejection

The unjustified refusal to accept the delivery of goods or services as per the terms of a contract, which can lead to a breach of contract lawsuit.