Which of the Following Contracts May Be Set Aside for Mistake

question 19

Multiple Choice

Which of the following contracts may be set aside for mistake or frustration?

• A) Pam sold a computer for cash to a person she mistakenly thought she had known in high school.
• B) Pam enters into a contract to sell a colt to Dave, but neither party realizes that Pam has already sold the same colt to Donna.
• C) Pam rented a cottage to Dave for a summer for $5000, and Pam later learns that because of winter storms, it will unexpectedly cost her $30 000 to repair the cottage so that it meets the needs of the rental contract.
• D) Pam said nothing about the quality and history of a painting that she sold to Dave, despite knowing that he incorrectly believed the painting was worth more than its purchase price.
• E) none of the above

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Definitions:

American

A term referring to something or someone originating from or associated with the United States of America.

Doctorate Degree

The highest level of academic degree awarded by universities, typically after a course of study and research that contributes new knowledge to the field.

Psychology

The scientific study of the human mind and its functions, particularly those affecting behavior in a given context.

Observable Behavior

Actions or reactions of an individual that can be directly seen and measured.