If the Parties to a Contract Attach Materially Different Meanings

question 41

True/False

If the parties to a contract attach materially different meanings to a con?tract term,the contract cannot be rescinded.

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Definitions:

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, which is considered when financing its overall operations and growth.

Economic Expansion

A phase of the business cycle where economic activity is increasing, characterized by higher production, employment, and income.

Outstanding Shares

The total number of shares of stock that are currently owned by all shareholders of a company, including shares held by institutional investors and restricted shares.

Cost of Debt

The effective rate that a company pays on its current debt, including loans and bonds.