Which of the following is true about unilateral mistakes?
A. The court will grant relief even if the person's own negligence is the cause of his or her mistake.
B. The basic rule is that it is grounds for rescission only if both parties to the agreement are acting under a mistaken belief.
C. The plaintiff needs to promptly notify the defendant when a mistake is discovered.
D. The court does not grant rescission even if the mistaken party is slightly negligent.
Answer: C
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Bartlett Industries began operations on January 2, 2015, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000 . Bartlett Industries paid a total of $100,000 in dividends to its stockholders during the year. Read the information about Bartlett Industries. If the company's revenues were $500,000 for the year ended December 31, 2015,
how much were total expenses? a. $160,000 b. $260,000 c. $640,000 d. $740,000
In its focus on bottom-line financial value, the ________ approach offers limited guidance for go-to-market strategies and does not fully account for competitive moves
A) brand equity B) brand value chain C) customer tracking D) customer equity E) brand extension
Conventional industry practice has the project paid in three parts due: (1 ) after the project is accepted, (2 ) at the project mid-point, and (3 ) at the conclusion of the project
Indicate whether the statement is true or false
Failure to record a liability probably will
a. result in an overstated net income. b. result in overstated total liabilities and stockholders' equity. c. have no effect on net income. d. result in overstated total assets.