Which of the Following Is Least Likely to Be an Effect

question 40

Multiple Choice

Which of the following is least likely to be an effect of scarcity?

• A) rationing device
• B) choice
• C) opportunity cost
• D) dollar price
• E) utility

Understand the legal grounds for recovering damages in cases of fraudulent misrepresentation.

Comprehend the requirements for proving fraudulent misrepresentation and the limitations on recovery.

Identify enforceability factors of contract modifications discussed through instant messaging.

Apply the doctrine of commercial impracticability to situations where supervening events impact contract performance.

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Definitions:

Actual Cause

The direct, demonstrable cause of an event or condition, often discussed in legal contexts to establish liability or wrongdoing.

Defendant's Breach

An act of breaking or failing to observe a law, agreement, or code of conduct by the individual or entity being sued in a legal action.

Battery

A criminal offense involving the unlawful physical acting upon a threat, distinct from assault which is the act of creating apprehension of such contact.

Assault

An act that intentionally places another person in apprehension of imminent harmful or offensive contact.