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.
C
Business
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Annual depreciation on equipment, recorded on a monthly basis.
a. Prepaid expense b. Accrued expense c. Unearned revenue d. Accrued revenue e. None of these
Business
Which of the following best to find a Platte?
A) a method of legal description using sections, townships, and ranges. B) an informal reference to properties in a neighborhood. C) a document use to record a subdivision of land. D) an instrument used by surveyor's to locate property boundaries.
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