Rewriting a Contract to Reflect What the Parties Had Agreed

question 47

True/False

Rewriting a contract to reflect what the parties had agreed on is referred to as rescission.

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Definitions:

Arbitrator's Decision

A binding resolution made by a neutral third-party to settle a dispute in arbitration.

Neutral Third Party

An impartial entity involved in a situation or conflict, not favoring any side.

Problem-solving Style

An individual’s typical or preferred approach to resolving issues or overcoming obstacles, which can vary from analytical to intuitive.

Dimensions

Represents the various aspects or features that can be measured or used to describe something in detail.