Which of the following is true regarding parties who make mutual mistakes of law?

A) The contract becomes null and nonbinding on the parties.
B) One of the parties can annul the contract stating that it is a mistake of law.
C) The parties are expected to have knowledge of the law when making the contract.
D)Both parties can claim relief and compensation through a court of law.


C

Business

You might also like to view...

José, the sales manager for a software development firm, is working on the problem of increasing sales by using the rational model of decision making. In the first step he identified the problem of his employees needing more training. In the second step he thought of alternative solutions; and in the third step he evaluated alternatives and selected a solution. José needs to _____ in the fourth and final step.

A. do more research to look at types of training B. select a contingency plan C. implement and evaluate the training program chosen D. determine how costly the solution will be E. set up a diversity and synergy training plan to increase the chances of success

Business

One of the prerequisites to paying a cash dividend is sufficient retained earnings

Indicate whether the statement is true or false

Business

Discuss the concept of customer relationship management

What will be an ideal response?

Business

When a CPA examines a company’s financial statements, and then expresses an opinion about the fairness of those statements, the individual in engaging in a process known as a/an ____________________.

Fill in the blank(s) with the appropriate word(s).

Business