TABLE 5.1 Use the Table to Answer Following Question(s)

question 39

Multiple Choice

TABLE 5.1

Use the table to answer following question(s) .
-Refer to Table 5.1. The current spot rate of dollars per pound as quoted in a newspaper is ________ or ________.

• A) £1.4484/$; $0.6904/£
• B) $1.4481/£; £0.6906/$
• C) $1.4484/£; £0.6904/$
• D) £1.4487/$; $0.6903/£

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Definitions:

Fraudulent Misrepresentation

False statements made intentionally to deceive, typically leading to harm or loss, and which may be grounds for legal action.

Rescinded

To revoke, cancel, or repeal a law, order, or agreement.

Non Est Factum

A defence that may allow illiterate or infirm persons to avoid liability on a written agreement if they can establish that they were not aware of the true nature of the document, and were not careless in its execution.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by all parties involved to be legally enforceable.