Krishna,a Neighbour of Dominic,wished to Borrow a Sum of Money

question 97

True/False

Krishna,a neighbour of Dominic,wished to borrow a sum of money from a local bank.Dominic was quite wealthy,but elderly,with very poor eyesight.He frequently requested Krishna to read his newspaper to him when Krishna would drop by for a visit,because reading bothered his eyes.One evening,Krishna placed a paper before Dominic,and explained to him that he wished to borrow a sum of money,but required a letter of reference before the bank would make the loan.She requested Dominic to sign the paper to satisfy this requirement.Dominic trusted his friend Krishna,and signed the paper without reading it.Unknown to Dominic,the paper was a guarantee of Krishna's indebtedness,and not a letter of reference.Krishna later defaulted on her debt.
-Dominic may plead non est factum as a defence to a claim by Krishna's creditor on the guarantee.

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Definitions:

Confirmation Bias

The tendency to search for, interpret, and remember information in a way that confirms one's preconceptions, leading to statistical errors.

Probability Distribution

An equation or model that describes the likelihood of various outcomes in a stochastic process.

Random Sample

A subset of individuals chosen from a larger set, where each individual is chosen randomly and entirely by chance, giving each individual an equal probability of being chosen at any stage during the sampling process.

Female Students

Students who identify as female within an educational institution or academic study.