Bill Sells Some Old Books to Marion for a Small

question 19

Multiple Choice

Bill sells some old books to Marion for a small sum of money.A few weeks later,Marion discovers that the books are quite valuable,worth as much as $50,000.Bill seeks to rescind the contract.What is the most likely result?

• A) Bill may rescind the contract because of his unilateral mistake.
• B) Bill may rescind the contract because of the bilateral mistake.
• C) Bill may not rescind the contract because it is a mutual mistake of value.
• D) Bill may not rescind the contract because more than three days from the date of purchase have elapsed.

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Definitions:

Nestlé

Nestlé is a multinational packaged foods and beverage company headquartered in Switzerland, known for its wide range of products including baby food, bottled water, coffee, dairy products, and more.

General Mills

An American multinational manufacturer and marketer of branded consumer foods sold through retail stores, known for products like cereals, snacks, and more.

Vertical Marketing Systems

A coordinated approach to distribution and marketing designed to ensure that products or services flow smoothly from the producer to the consumer with the involvement of various intermediaries.

Channel Economies

The cost savings and efficiency gains derived from using effective distribution channels to deliver products or services to consumers.