Multiple Choice
At an auction, Ben bids on a 1957 Chevy coupe, believing that it is worth more than the price asked. When the car proves to need more repairs than Ben estimated, and thus is worth less as is, Ben is
A) still liable on the bid.
B) not liable on the bid because he underestimated the cost of repairs.
C) not liable on the bid because the auctioneer misrepresented the value.
D) not liable on the bid because the need for repair is not a material fact.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: A misunderstanding concerning a basic assumption on
Q51: Carlos and David contract for the sale
Q52: Raoul, who is Stef's guardian, convinces her
Q53: Each party to a contract assumes the
Q54: Consent to the terms of a contract
Q56: Orin, an employee of Plumbing LLC, makes
Q57: County Title Company processes information furnished by
Q58: Fra enters into a contract with Global
Q59: Restaurant Food Inc. intends to sell a
Q60: A party who can show that he