In Which Scenario Will the Court Likely Find the Contract

question 81

Multiple Choice

In which scenario will the court likely find the contract void on the grounds of mistake?

• A) Annette bought a suit thinking she would be invited back for a second interview. She wasn't, and now wants to return the suit on the basis of mistake.
• B) Ms. Hunt 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. She wants out of the contract.
• C) The parties signed a document that stated the consideration as $1100 instead of the $900 that the buyer and seller had contracted for, but the buyer cannot prove the terms of the original contract.
• D) Mr. Armstrong accepted an offer by Sidhu, who was selling a "computer program," but learned that they had different understandings of what program was meant. The court cannot say that one interpretation is better than the other.
• E) Mary contracted to buy "the Acura car" from a collector of cars. He was selling his 2011 model but she thought she was buying the 2012 model. The court, looking at all the evidence, found that his interpretation was the more reasonable.

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Definitions:

Business Combination

The process of joining two or more companies into a single entity, often to expand market share, diversify, or achieve other business objectives.

Outstanding Shares

The total number of shares of stock that are currently owned by all shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s insiders.

Copper Production

The process of extracting copper from its ores and converting it into pure metal for use in various industries, including electrical wiring, construction, and automotive.

Nickel Production

The process of extracting nickel ores from the ground and refining them into pure nickel, used in various industrial applications.