Exam 11: Conduct Invalidating Assent

Stewart entered into a contract with Will to have Will build a 10-unit apartment complex on Elm Street in Randolph County.Unknown to both parties, this land had recently been rezoned and only single-unit dwellings can be constructed.In this case:

Tom tries to sell his Aston-Martin to Victoria for $12,000.Tom tells Victoria, "I paid $12,000 for the car in 1978 and it's worth twice that today." Tom really paid $8,000 for the car in 1978.If Victoria buys the car, basing her decision on Tom's statement, which of the following correctly states the situation?

Give an example of each of the following: a.Unilateral mistake b.Mistake in the meaning of a contract term.

Ben and Kate had been negotiating Ben's employment contract in conversations over the phone for a couple of weeks.Finally, they agreed on some contract terms.Kate offered to create a draft of the contract for Ben to read over.On the same day Ben was fired from his job.Afraid he would be unemployed, Ben signed Kate's draft without reading it.In this example Ben: