Rupert, an Agent for Star Productions, Inc

question 83

Multiple Choice

Rupert, an agent for Star Productions, Inc., enters into an unauthorized contract with Trucking Corporation purportedly on behalf of Star, which refuses to perform. Rupert is liable

• A) for breach of contract to Star and Trucking.
• B) for misrepresentation to Star only.
• C) for misrepresentation to Trucking only.
• D) to no one.

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Definitions:

Survivorship Bias

The logical error of focusing on instances that survived a selection process and overlooking those that did not because of their lack of visibility.

Backfill Bias

A bias that can occur when historical performances of investment portfolios are artificially inflated because only successful funds are reported or included in analyses.

Incentive Bias

A psychological lean or predisposition towards certain decisions or actions due to promised rewards or incentives.

Survivorship Bias

The error of focusing on the successes or survivors in a group and overlooking those that failed, which can lead to overly optimistic beliefs or conclusions.