Nora enters into a contract with Oceanic Transport, Inc, to insure and ship a painting from Paris to New York City for a certain price. But Oceanic makes a mistake in adding the costs, which results in a contract price that is $1,000 less than the true cost. Most likely, a court would
A) allow the parties to rescind the contract
B) award damages to Nora for the mistake.
C) award damages to Oceanic for the mistake.
D) enforce the contract as is.
A
You might also like to view...
A company's net sales are $775,420, its costs of goods sold are $413,890, and its net income is $117,220. Its gross margin ratio equals:
A. 31.5%. B. 28.3%. C. 40.5%. D. 46.6%. E. 53.4%.
. Maddox is emotional, likes to present possibilities, and is focused on big-picture projects. Overall, Maddox is using ______.
a. left-brain thinking b. self-leadership c. right-brain thinking d. self-rewarding
On November 1, 2017, Roosevelt, Inc. declared a dividend of $3.00 per share. Roosevelt, Inc. has 20,000 shares of common stock outstanding and no preferred stock. Prepare the journal entry to record this transaction
What will be an ideal response
There are many challenges to complying with the Dodd-Frank Wall Street Reform and Consumer Protection Act to the tracking of materials from more than two million small scale or subsistence miners in the Eastern Congo. Modern supply-chain logistics are not very relevant in these environments. This is an example of which segment of the general environment?
A. demographic B. sociocultural C. political and legal D. economic