Nero Makes an Honest but Erroneous Statement That Misrepresents a Ma?te?rial

question 28

Multiple Choice

Nero makes an honest but erroneous statement that misrepresents a ma?te?rial fact in a contractual transaction with Odell.Nero is guilty of

• A)a unilateral mistake.
• B)duress.
• C)fraud.
• D)innocent misrepresentation.

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Definitions:

Confidence Interval

A range of numerical figures, deduced from the statistics of a sample, presumed to grasp the value of an indefinable population characteristic.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the individual values differ from the mean.

True Mean Yields

The actual average outcome or result produced over a particular period or through a series of processes.

Confidence Intervals

Statistical ranges, with a given probability, that are believed to contain the true value of an unknown population parameter.