Sheldon Hamer Quoted a Price to Cynthia Hui and She

question 13

Multiple Choice

Sheldon Hamer quoted a price to Cynthia Hui and she placed an order based on that price. Sheldon quoted too low, forgetting to include shipping and handling charges, so he now wants to get out of the deal, claiming that the price difference is so great that Cynthia should have known something was wrong. What is the name of the legal grounds that Sheldon will use in a court section to set aside the transaction?

• A)Misrepresentaion.
• B)Unjust enrichment
• C)Unfair advantage
• D)Mistake
• E)Non est factum

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Definitions:

Compound Annual Rate

The rate at which an investment would have grown annually if it had compounded at a steady rate.

Dividends

Payments made by a corporation to its shareholder members, typically from profits.

Zero-Sum

A situation or game where the gain of one participant comes at the expense of another, resulting in a net change of zero.

Constant Growth Rate

A stable annual increase in the value of an investment, often applied in the context of dividend growth or economic expansion.