If a Price Quotation Contains a Mistake in the Adding

question 37

True/False

If a price quotation contains a mistake in the adding of a number of fig?ures,the contract may not be enforceable.

---

Definitions:

Financial Calculator

A specialized calculator designed to perform financial functions including interest rates, payments, investment value calculations, and other financial metrics.

Present Value

The current equivalent value of a future stream of payments or a single financial sum, using a specific return rate.

Annuity

An economic tool that delivers a stable flow of income to an individual, commonly employed in retirement planning strategies.

Discount Rate

The interest rate used to discount future cash flows to their present values, often reflecting the cost of capital or risk.