Multiple Choice
Fact Pattern 13-1 (Questions 5-6 apply)
Moore Properties,Inc.,offers in writing to sell to Lawn Acres Development Corporation a certain half-acre of land for "$112,000." After Lawn Acres signs the offer in acceptance and returns it,Moore discovers that the price should have been stated as "$121,000."
-Refer to Fact Pattern 13-1.The effect of Moore's misstatement of the price will most likely fall on
A) Moore and Lawn Acres,who must split the difference.
B) Moore only.
C) Lawn Acres only.
D) neither Moore nor Lawn Acres.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: A seller's failure to disclose a serious
Q7: Punitive damages are meant to reward the
Q7: Forcing someone to enter into a contract
Q14: If the subject matter of a contract
Q18: Olin,an art instructor,convinces Pia,who has no artistic
Q22: Misrepresentation of a material fact can occur
Q37: Multi Investments,Inc.,offers to buy Nano Toy Corporation.On
Q38: All mistakes of fact are material.
Q43: Words or terms in contracts that are
Q50: A price quotation with a mistake in