Which One of the Following Mistakes Voids a Contract

question 52

Multiple Choice

Which one of the following mistakes voids a contract?

• A) Two parties contract for a shipload of coal, but unknown to both parties, at the time of the contract the ship had sunk and the coal had been lost.
• B) Sally and Wacky had a serious misunderstanding about a term in the contract; the court found that the more reasonable interpretation was Sally's.
• C) Two parties contracted for the sale and purchase of a painting for the price of $800. When the contract was written up, the price was incorrectly stated as $900.
• D) Sam bought three gallons of paint, but found he had made a mistake; two would have been sufficient.
• E) When Mr. and Mrs. Houston put their property up for sale, Sam without speaking to the Houstons or their agent about the land, offered close to the asking price because he thought it was suitable for growing wheat. After his offer was accepted, he learned it was not suitable for wheat.

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Definitions:

Controlled

In an experimental context, this refers to maintaining constant conditions or influencing variables to determine their effects on other variables.

Conscious

The state of awareness of one's own existence, thoughts, emotions, and surroundings.

High-Status Exemplars

Influential individuals or models within a society or group, often looked up to for guidance or imitation due to their perceived higher status.

Racial Attitudes

The beliefs, feelings, and predispositions individuals hold towards people of other races, often influenced by societal, cultural, and personal experiences.