Which of the Following Statements Is the Best Description of 'Non

question 26

Multiple Choice

Which of the following statements is the best description of 'non est factum'?

• A)One of the parties is mistaken about a material fact regarding the subject matter of the contract,and the other party takes advantage of this mistake.
• B)Both parties are mistaken about a material fact that is important to the subject matter of the contract.
• C)Both parties have made the same mistake about the existence or identity of the subject matter of the contract.
• D)One of the parties to a contract is mistaken as to the nature of the document which they have signed.

---

Definitions:

Operating Activities

Activities related to the core business functions of a company, such as selling goods or services and managing expenses.

Stock Dividend

A payment of additional shares of stock to shareholders instead of cash.

Financing Activities

Activities that result in changes in the size and composition of the equity capital or borrowings of an entity.

Declaration

An official statement, announcement, or acknowledgment made by an authority.