Examlex
In regard to decision making,which of the following statements reflects what research has found?
Rescission
The revocation, cancellation, or repeal of a contract, returning the parties involved to their positions before the contract was made.
Contract of Adhesion
A standard-form contract prepared by one party to be signed by another party in a position of weaker bargaining power, often not negotiable.
Fraudulent Misrepresentation
The act of intentionally providing false information with the aim of deceiving another party, often to induce them into a contract.
Mutual Mistake
A misunderstanding shared by both parties involved in a contract, leading to a misalignment in agreement terms.
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