Which Statement Is Correct About Unintentional Errors on Construction Contracts

question 24

Multiple Choice

Which statement is correct about unintentional errors on construction contracts?

• A)Unintentional underestimates or overestimates may not be errors.
• B)Errors are misstatements that should not have been made based on the information available at the time.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Derivative Security

A financial instrument whose value is based on the performance of an underlying asset, index, or security.

Related Security

Related Security implies a financial instrument that is linked to another in terms of performance, underlying assets, or issuer.

Value

The monetary, material, or assessed worth of an asset, good, or service.

Common Stock Investments

Investments that involve buying equity shares of public companies, giving investors ownership interests and potential dividends.