Examlex
Consider the following code snippet:
Public class Purse
{
Private Coin[] coins;
) . .
}
Which of the following statements is correct?
Voidable
A contract or transaction that is voidable can be legally nullified or cancelled by one of the parties involved, often due to reasons like misrepresentation or lack of capacity.
Misrepresentation
A false statement of fact made by one party to another, which has the effect of inducing that other party into a contract.
Fraud
A deliberate deception practiced in order to secure unfair or unlawful gain, often involving financial transactions.
Rescind
To revoke, cancel, or repeal a law, order, or agreement.
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