Which of the Following Was the Result on Appeal in the Case

question 48

Multiple Choice

Which of the following was the result on appeal in the Case Opener involving the claim that Michael Jordan owed $5 million based on his agreement to pay the plaintiff's mother on the premise that he was the father, although it was later determined that the child was not his?

• A) That the agreement to pay $5 million could only be rescinded based on a mutual mistake of fact.
• B) That the agreement to pay $5 million could only be rescinded based on the mother's fraud.
• C) That the agreement to pay $5 million could be rescinded based on either a mutual mistake of fact or based on the mother's fraud.
• D) That the agreement to pay $5 million could not be rescinded because Jordan was aware of a question about his parentage.
• E) That the agreement to pay $5 million could not be rescinded because Jordan waited too long in which to complain about the contract.

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Definitions:

Complement

A good or service that is used together with another good or service, increasing its demand.

Income Increase

A rise in the amount of money received by individuals or entities, typically through earnings, investments, or bonuses.

Normal Good

A good for which demand increases when consumer income rises, and falls when consumer income decreases, all other factors being equal.

Student Income

The amount of money earned or received by students from employment, grants, stipends, or other sources while pursuing their studies.