While signing a contract, one of the parties misinterpreted a legal clause. Neither of the parties is a legal professional. Which of the following statements holds well in this scenario?
A) The party who misinterpreted the law is actionable for fraud.
B) The party who misinterpreted the law may rescind the contract.
C) The party who misinterpreted the law is not actionable for fraud.
D) The contract is declared unenforceable as the law has been misinterpreted.
C
You might also like to view...
Explain what it means to take the initiative to find job opportunities, and why it is necessary in today's job market
What will be an ideal response?
Summit Financial Advisors provides accounting and finance assistance to customers in the retail business. Summit has four professionals on staff and an office with six clerical staff. Total compensation, including benefits, for the professional staff run about $731,000 per year, and it normally has about 8500 billable hours per year. The professional staff keep detailed time sheets organized by client number. The total office and administrative costs for the year are $561,000. Summit allocates office and administrative costs to clients monthly, using a predetermined overhead allocation rate based on billable hours. During July, Summit's professionals spent 41 hours on their client. What is the total amount of cost that Summit will record for the client for the month? (Round any intermedia
A) $3526 B) $2706 C) $1,292,000 D) $6232
Describe the five steps of conducting a selection interview.
What will be an ideal response?
According to your text, all of the following are factors that companies must consider in choosing a transportation mode except
A. transit times. B. overall cost. C. mode accessibility. D. ability to meet lead time requirements. E. ability to store the product until shipment.