Veronica offers to sell Rowena her luxury sedan and says that it has never been in an accident. Rowena hires Laszlo, a mechanic, to appraise the vehicle. Laszlo says that it most likely has been in an accident. In spite of this information, Rowena buys the car. Later, when it develops mechanical problems, she can
A. not rescind the contract.
B. rescind the contract on the basis of fraud.
C. rescind the contract on the basis of mistake.
D. rescind the contract on the basis of unconscionability.
Answer: A
You might also like to view...
Comment on the success of various Fed chairmen in reducing inflation.
What will be an ideal response?
Efficiency and effectiveness mean using resources—people, money, raw materials, and the like—wisely and cost effectively.
Answer the following statement(s) true (T) or false (F)
The following transactions for the month of March have been journalized and posted to the proper accounts
Mar. 1 The business received $9,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $900. Mar 3 Purchased equipment by paying $3,000 cash and executing a note payable for $7,000. Mar. 4 Purchased office supplies for $730 cash. Mar. 5 Billed a client for $10,000 of design services completed. Mar. 6 Received $7,900 on account for the services previously recorded. What is the balance in Cash? A) $13,170 B) $12,270 C) $15,270 D) $13,900
The dividends per share paid by Fantastically Fine Ferns Inc. (FFF) doubled from a starting value of $1.50 in 2007 to a value of $3.00 in 2013 (a six-year period)
What was the approximate average annual rate of growth of FFF's dividends per share? Use the Rule of 72 to determine your answer. A) FFF's dividends grew at an annual rate of approximately 12% per year. B) FFF's dividends grew at an annual rate of approximately 10% per year. C) FFF's dividends grew at an annual rate of approximately 8% per year. D) FFF's dividends grew at an annual rate of approximately 6% per year.