If the Taker Is Negligent in Not Discovering That Something

question 26

True/False

If the taker is negligent in not discovering that something was wrong with the instrument, it establishes lack of good faith.

---

Definitions:

Unemployment

The condition of being out of work and actively seeking employment but unable to find a job.

Permanent Increase

A lasting upward adjustment in size, amount, or value.

Real Output

The quantity of goods and services produced, adjusted for inflation, reflecting the true productivity of an economy.

Inflation Rate

The percentage increase in the price level of goods and services over a period of time, often measured annually.