Which one of the following mistakes voids a contract?
A) Two parties contract for a shipload of coal, but unknown to both parties, at the time of the contract the ship had sunk and the coal had been lost.
B) Sally and Mary had a serious misunderstanding about a term in the contract; the court found that the more reasonable interpretation was that of Sally.
C) Sam bought three gallons of paint, but found he had made a mistake; two would have been sufficient.
D) Two parties contracted for the sale and purchase of a painting for the price of $800. When the contract was written up, the price was incorrectly stated as $900.
E) When Mr. and Mrs. Houston put their property up for sale, Sam without speaking to the Houstons or their agent about the land, offered close to the asking price because he thought it was suitable for growing wheat. After his offer was accepted, he learned it was not suitable for wheat.
Correct Answer:
Verified
Q11: Jones offers to sell Smith his car.
Q12: When two parties are involved in a
Q13: Often a party to a contract wants
Q14: Keri went to Crandon's computer outlet with
Q15: Which one of the following will be
Q17: In which of the following instances would
Q18: With regard to the law governing privity
Q19: Mr. Frank, a foreman supervising some 43
Q20: Len's new secretary came in and asked
Q21: Jenny went to the store and asked
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents