The Due Date of a One-Month Note Dated October 11

question 28

Multiple Choice

The due date of a one-month note dated October 11, is November

• A)11.
• B)12.
• C)13.
• D)14.

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Definitions:

Fraudulent Misrepresentation

A false statement made knowingly or recklessly designed to induce another party to enter into a contract.

Scienter

Knowledge of wrongdoing or fraudulent intent, often required to be proven in cases of securities fraud.

Unilateral Mistake

A situation in contract law where only one party is mistaken about a basic assumption on which the contract is based.

Subjective Value

The worth or importance of something based on personal preferences, opinions, or experiences, rather than its objective market value.