Steven Has a Typed Copy of a Contract,which He Would

question 30

Multiple Choice

Steven has a typed copy of a contract,which he would like to have Thomas sign.Thomas,who needs glasses to read typing,doesn't want to sign until he has read the document,but Steven convinces Thomas to sign it anyway,because it is a "standard" contract for this type of situation.Is the contract which Thomas signed binding upon him?

• A) No,because he did not read it
• B) No,because he entered into it based upon fraud in the execution
• C) Yes,because he has made a unilateral mistake of law
• D) Yes,because he was negligent in not ascertaining its contents

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Definitions:

Hypothec

A legal term primarily used in civil law jurisdictions to describe a right or security interest granted over an asset to secure the repayment of a debt without transferring title.

Fee

A payment made to a professional or an organization in exchange for services or advice.

Covenant

A formal, written agreement or promise between two or more parties, often featuring in contracts or real estate transactions.

Discharge

In legal terms, the release or extinguishment of an obligation, debt, or charge.