Exhibit 17

question 98

Essay

Exhibit 17.9.A bank manager is interested in assigning a rating to the holders of credit cards issued by her bank.The rating is based on the probability of defaulting on credit cards and is as follows.

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Definitions:

Parol Evidence Rule

A legal principle preventing the introduction of oral or extrinsic evidence to contradict or vary the terms of a written contract.

Misrepresentation

A false statement of fact made by one party to another, which may render a contract voidable.

Easement

A non-possessory right to use and/or enter onto the real property of another without owning it, often for a specific purpose like utilities or access.

Non Est Factum

A legal defense claiming a contract is invalid due to a serious misunderstanding or mistake about its nature or terms.