Which of the following is true of rescission?
A) It is a court order compelling a party to perform in such a way as to meet the terms of the contract.
B) It is sought by plaintiffs who wish to be in the position they were in before entering into the contract.
C) It refers to the correction of terms in an agreement so that they reflect the true understanding of the parties.
D) It is a temporary or permanent order of the court preventing a party to a contract from doing something.
B
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In the Purchasing Process - Level 0 Diagram, a data flow called "vendor packing slip" would most likely be sent by the vendor to which of the following processes?
a. order goods and services b. receive goods and services c. determine requirements d. none of the above
The liability for a dividend is recorded on which of the following dates?
a. the date of record b. the date of payment c. the last day of the fiscal year d. the date of declaration
In order to prevent accountants from being put into conflicts, the ________ publishes professional rules.
What will be an ideal response?
In most instances, the payment of utility bills is an example of _____.
A. immediate annuity B. ordinary annuity C. annuity due D. lump-sum payments E. uneven cash flows