Mary and Janet Entered into a Contract for the Purchase

question 47

Multiple Choice

Mary and Janet entered into a contract for the purchase of a used vehicle. Mary thinks she is selling her 2010 Kia Soul and Janet thinks she is selling her 2012 Audi. This is an example of:

• A) Misrepresentation
• B) Undue Influence
• C) Duress
• D) Mistake

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Definitions:

Mexican Pesos

The currency of Mexico, represented by the symbol $ or MXN, used as the primary medium of exchange within the country.

Exchange Rate

the price of one currency in terms of another currency, determining how much foreign currency can be exchanged for a unit of domestic currency.

Lawn Mower

A machine utilizing revolving blades or a blade reel to cut a grass surface to an even height, widely used in garden maintenance.

Average Rate of Return

A financial ratio that calculates the expected return on an investment relative to its initial cost.