Jose visited a garage sale and found a baseball card collection which he believed was worth over $1,000. He bought the collection for $50.00 from Wanda. Later Jose discovered the collection was essentially worthless and demands his money back from Wanda. Must Wanda refund Jose's money?

A) No, the contract is enforceable because Jose was operating under a unilateral mistake and Wanda did not know the value of the cards.
B) Yes, the contract is enforceable because Jose made a unilateral mistake of fact.
C) Yes, the contract is enforceable because of mutual mistake of fact.
D) No, the contract is enforceable because of mutual mistake of value.


A

Business

You might also like to view...

Which of the following is an example of services differentiation?

A) Berry's has an intensive training program for its customer-facing staff, to ensure a consistent service standard. B) The Swan Hotels use a distinctive signature fragrance in all outlets so that customers can associate the fragrance with the hotel. C) JEK's sophisticated customer database allows the company to handle queries and product returns much faster than competitors. D) RTZ shifted its products from supermarket aisles to exclusive stores as it realized that customers were willing to pay more in stores. E) Hayley's found success by allowing buyers to customize the color and some features of its appliances before buying them.

Business

Explain the three primary barriers to free trade that can exist, and why a country might erect such barriers. Give an example of each.   

What will be an ideal response?

Business

Which of the following is a performance management rating system in which all employees in the work group are assessed relative to one another?

A. graphic rating scale B. behaviorally anchored rating scale C. forced-ranking scale D. global rating scale

Business

According to Rawls's social justice theory, a person who is in a state of "veil of ignorance" is best fit to select the fairest possible ethical principles

Indicate whether the statement is true or false

Business