Which of the following expenses is an example of expense recognition under the immediate recognition principle?

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.

IDEF1X nonspecific relationships correspond to N:M relationships in the extended E-R model

Indicate whether the statement is true or false