Monica and Omar Talk About the Fact That a New

question 28

Multiple Choice

Monica and Omar talk about the fact that a new teacher is being hired for business law at their school. Omar mentions that he does not yet have a book, and Monica agrees to sell Omar a used business law book for $30 for the upcoming semester. When the new semester begins, the new business law teacher announces that a new custom business law text will be used that is only available in the campus bookstore. Omar wants a refund. Which of the following is Monica's best defense?

• A) That Omar knew of the change of teacher and bore the risk of mistake.
• B) That only a unilateral mistake was involved on Omar's behalf because Monica was aware of the change and, therefore, Omar is not entitled to a discharge.
• C) That a mutual mistake was involved and that Omar is, therefore, not entitled to a refund.
• D) That transactions involving goods are not subject to the defense of mistake.
• E) That she did not commit fraud and, therefore, Omar is not entitled to rescission.

---

Definitions:

Validity And Reliability

Criteria used to evaluate the accuracy (validity) and consistency (reliability) of a research method or measurement tool.

Quantitative Model

A mathematical model that utilizes quantitative data to forecast or make decisions, often used in finance, operations, and strategic planning.

Mathematical Algorithm

A finite sequence of well-defined instructions typically used to solve a class of specific problems or to perform a computation.

Expert Demand Forecast

A projection or estimation of future demand for goods or services based on analyses conducted by experts in the field.