Which of the Following Will Have the Likely Consequence of the Court

question 19

Multiple Choice

Which of the following will have the likely consequence of the court finding the contract void on the grounds of mistake?

• A) Mr. Twigg carelessly signed a mortgage for $24,000, which he was told was a mortgage for only $14,000. This was assigned to Mr. Jones.
• B) Mr. Ideer bought some property, erroneously thinking that the province was planning to put a highway nearby, even though the seller had never made any such suggestion.
• C) The parties signed a document that stated the consideration as $1200 instead of the $1100 that the buyer and seller had contracted for, but the buyer cannot prove the terms of the original contract.
• D) Mr. Ille, although using due care, signed a cheque for $100 in favour of his secretary, who had told him it was a receipt for money received.
• E) Mr. Jones, without reliance on a salesperson, purchased an HTC smartphone, thinking it was actually a Samsung smartphone.

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Definitions:

HIV/AIDS

Human Immunodeficiency Virus (HIV) is a virus that attacks the immune system, and Acquired Immunodeficiency Syndrome (AIDS) is the most advanced stage of HIV infection, characterized by the occurrence of any of more than 20 opportunistic infections or HIV-related cancers.

Sub-Saharan African Countries

Nations located in the region of Africa that lies south of the Sahara Desert, often characterizing a geographic and socio-economic grouping.

Incidence

The allocation of the burden of a tax between buyers and sellers, or the effect of a policy or economic event on particular groups.

Industrial Market Countries

Nations with highly developed industries where the majority of economic activities are focused on manufacturing and services.