While Signing a Contract, One of the Parties Misinterpreted a Legal

question 79

Multiple Choice

While signing a contract, one of the parties misinterpreted a legal clause. Neither of the parties is a legal professional. Which of the following statements holds well in this scenario?

• A) The party who misinterpreted the law is actionable for fraud.
• B) The party who misinterpreted the law may rescind the contract.
• C) The party who misinterpreted the law is not actionable for fraud.
• D) The contract is declared unenforceable as the law has been misinterpreted.

Understand the network design's characteristics and its comparison to other organizational designs.

Understand the structure and customization of the QuickBooks Online (QBO) Chart of Accounts (COA), including the addition, deletion, and modification of accounts.

Identify the main components and classifications within financial statements, including the differentiation between assets, liabilities, equity, revenues, and expenses.

Comprehend the setup and utilization of subaccounts in QBO to track additional details and enhance financial reporting.

---

Definitions:

Disulfiram Therapy

A treatment approach involving the drug Disulfiram, used primarily to support the management of chronic alcoholism by producing an acute sensitivity to ethanol.

Alcohol-Based Skin Products

Skincare products that contain alcohol, often used for their antiseptic properties, but can cause dryness or irritation in sensitive skin.

Aged Cheeses

Cheeses that have been stored for extended periods of time to develop specific flavors, textures, and aromas, as opposed to fresh cheeses.

Sodium

A chemical element (symbol Na) that is essential for human health, playing a crucial role in maintaining fluid balance, nerve function, and muscle contraction.