Regarding European courts, which statement is true?
A) European courts are in total disagreement with the reluctance of American courts to interfere with a contract because the value of the item in question has changed since the agreement.
B) European courts refuse to assume that parties accept the risk when they make a contract that the value might change later.
C) European courts permit rescission of the contract for a mistake of value when the mistake involves more than 10 percent of the value at the time of the contract.
D) European courts permit rescission of the contract for a mistake of value when the mistake involves more than 40 percent of the value at the time of the contract.
E) European courts permit rescission of the contract for a mistake of value when the mistake involves more than 50 percent of the value at the time of the contract.
Correct Answer:
Verified
Q17: For fraudulent misrepresentation to be the basis
Q18: The statement of fact need not be
Q19: It is not necessary to show reliance
Q20: Legal assent involves _ that the courts
Q21: Which of the following is true on
Q23: Ida and Kwame are both mistaken as
Q24: Why is it important to distinguish between
Q25: A[n] _ misrepresentation results from a false
Q26: Georgia and Dillard are both confused about
Q27: Which of the following is true regarding
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