Misrepresentation of law ordinarily entitles a party to relief from a contract
Indicate whether the statement is true or false
False
You might also like to view...
Any alteration or modification of a product after it leaves the seller's possession can make the seller strictly liable for injuries caused by the product
Indicate whether the statement is true or false
If Push Company owned 51 percent of the outstanding common stock of Shove Company, which method would be appropriate for financial reporting purposes?
A. Equity method B. Cost method C. Full consolidation method D. Fair value method
Helen tells her nephew, Bernard, that she will pay him $100 if he will stop smoking for six months. Helen was hopeful that if Bernard stopped smoking for six months, he would stop altogether. Bernard stops smoking for six months but then resumed his smoking. Helen will not pay him. She says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at
least implied that he would stop smoking for good. Can Bernard legally collect $100 from Helen? a. No, because under the law his stopping smoking was not adequate consideration. b. No, because it was implied that he would stop smoking for good, and he only quit for six months. c. Yes, because his stopping smoking for six months, as agreed, was adequate consideration for the contract. d. Yes, because stopping smoking was good for his health even if he only did it for six months.
Under the doctrine of respondeat superior, a principal is liable for any harm caused to an agent by a third party.
Answer the following statement true (T) or false (F)