In the Absence of Any Evidence Establishing Ms

question 29

Multiple Choice

In the absence of any evidence establishing Ms. Catherine Larson as a good credit risk, you conclude she is a poor risk and turn down her application for credit. Which fallacy is most likely to undermine the validity of your decision?

• A) Unrepresentative data
• B) Acceptance of lack of evidence as proof to the contrary
• C) Comparison of noncomparable data
• D) Illogical cause-effect conclusions
• E) Unreliable data

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Definitions:

Parol Evidence Rule

A legal doctrine stating that oral or extrinsic evidence cannot be used to contradict, vary, or add to the terms of a written contract.

Prenuptial Agreement

A legal document entered into before marriage, specifying the division of assets and financial arrangements in the event of a divorce.

Statute Of Frauds

A legal concept that requires certain types of contracts to be written and signed in order to be enforceable.

Statute Of Frauds

A legal principle that requires certain types of contracts to be in writing to be enforceable.