Which of the Following Is True Regarding the Elements That

question 16

Multiple Choice

Which of the following is true regarding the elements that must be satisfied in order for a mutual mistake to interfere with legal consent?

• A) The required elements are: (1) a basic assumption about the subject matter of the contract, and (2) an admission by one of the parties that a misrepresentation occurred.
• B) The required elements are: (1) a basic assumption about the subject matter of the contract, and (2) a material effect on the agreement.
• C) The required elements are: (1) a basic assumption about the subject matter of the contract, and (2) an adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement.
• D) The required elements are: (1) a basic assumption about the subject matter of the contract, (2) a material effect on the agreement, and (3) an adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement.
• E) The required elements are: (1) a basic assumption about the subject matter of the contract, (2) an adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement, (3) a material effect on the agreement, and (4) fraud.

Identify strategies for effective exam preparation.

Understand the importance of the vocational domain in college students’ lives.

Appreciate the role of higher education institutions in fostering student success and the varied dimensions of this success.

Understand the diverse characteristics and backgrounds of college students.

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Definitions:

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Rorschach Inkblot Test

A psychological test in which individuals' perceptions of inkblots are analyzed to evaluate their personality and emotional functioning.

Ambiguous Inkblots

Visual stimuli used in psychological tests (e.g., Rorschach test) that are open to interpretation and are used to uncover a person's unconscious thoughts.

Psychological Test

A standardized measure of a sample of a person’s behavior, used to assess and evaluate diverse mental functions and characteristics.