If the Subject Matter of a Contract Turns Out to Be

question 14

True/False

If the subject matter of a contract turns out to be more valuable than one of the parties believed it would be, that party can rescind the contract.

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Definitions:

Buyer's Remorse

A feeling of regret experienced after making a purchase, often stemming from a sense of doubt about whether the decision was the right one.

Purchased Phone

The act of buying a telephone, which could be a mobile or stationary device, for personal or professional use.

Competitive Leverage

The strategic use of advantages or capabilities—such as cost structure, market position, or technological innovation—to outperform competitors in a given market.

Motive

A need or want that is strong enough to cause the person to seek satisfaction.