In Hickman V

question 103

Multiple Choice

In Hickman v.Bates,involving the sale of land by the plaintiff to the defendant,the court found:

• A) that Bates had forced Hickman to sign under duress and awarded Hickman the value of the property that she signed away as compensatory damages.
• B) that Bates had made an intentional misstatement of the facts constituting fraud and awarded Hickman the value of the property that she signed away as compensatory damages.
• C) that Bates committed fraud by not disclosing information to the young and mentally limited Hickman and awarded Hickman the value of the property that she signed away as compensatory damages.
• D) that Bates committed fraud by not disclosing information to the young and mentally limited Hickman and rescinded the contract.
• E) that a contract was formed with the consent of the parties, that Hickman's mistake was unilateral, and that since Hickman could have sought advice but did not, she had no remedies.

---

Definitions:

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good that producers are willing to sell, holding all else constant.

Levied

Imposed, typically referring to taxes or duties.

Equilibrium Quantity

The level of goods or services offered that equals the quantity consumers are willing to buy at the equilibrium price in the market.

Tax Revenue

The financial benefits governments realize from taxation.