Examlex
Which of the following is not considered an intangible asset?
Rescission
The legal remedy of canceling, terminating, or annulling a contract and restoring the parties to their original positions as if the contract had never been made.
Compensatory Damages
Financial compensation awarded to a plaintiff to cover losses or injuries that have been directly caused by the actions of the defendant.
Negligent Misrepresentation
A false statement made carelessly that causes someone to suffer damages because they relied on it being true.
Fraudulent Misrepresentation
Intentional deception made by one party to induce another to enter into a contract, resulting in harm or loss.
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