Multiple Choice
In which of the following instances would the court most likely hold the contract to be void on the basis of a mistake?
A) Although the seller said nothing to the buyer about the characteristics of the answering machine, the buyer bought it, thinking that it would tell him the date and time of the call. Later, he learned that it did not perform that function.
B) Sarah bought three rolls of wallpaper, but found she had made a mistake; two would have been sufficient.
C) Two parties contracted for a shipload of fish, but unknown to both parties, at the time of the contract the ship had sunk and the fish had been lost.
D) Carson and Leno had a serious misunderstanding about a term in the contract; the court found that the more reasonable interpretation was that of Leno.
E) Barry and Mary contracted for the sale and purchase of a boat for the price of $1,200. When the contract was written up the price was incorrectly stated as $1,700.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: An assignee is "subject to the equities,"
Q36: Indicate what must be present in order
Q41: Misunderstanding occurs when each party has a
Q62: What is the status of the doctrine
Q76: Explain what is meant by the parol
Q106: Explain what is meant by a "negotiable
Q136: Mrs. Sharp, the owner of a restaurant,
Q142: The equitable remedy of rectification is granted
Q143: In AMJ Campbell v. Kord Products Inc.,
Q169: The court will not allow the careless