Heather Chooses to Buy a Scarf at Macy's and Reads

question 47

Multiple Choice

Heather chooses to buy a scarf at Macy's and reads the price on the tag as $50. She uses her credit card to pay for the scarf, but post-purchase, she notices that the price tag actually says $500. This is an instance of a(n) ________.

• A) bilateral mistake
• B) mutual mistake of value
• C) innocent misrepresentation
• D) unilateral mistake

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Definitions:

Cycle Billing

A billing practice where customer statements are generated at different times during the month based on a specific schedule.

Monthly Billing

The process of issuing requests for payment of services rendered or goods provided, typically on a month-to-month basis.

Cycle Billing

A billing strategy where customers are billed at different times during the month based on a specified billing cycle.

Computerized Billing

The use of computer systems and software to manage billing and invoices in various sectors, including healthcare and utilities.