Red Stripe Replied Saying the $4 Price Is in Canadian

question 19

Multiple Choice

. Red Stripe replied saying the $4 price is in Canadian currency, not Jamaican currency. What is the effect of the flaw on the agreement?

• A) Void
• B) Voidable
• C) Rectification
• D) Invalid
• E) Unenforceable

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Definitions:

Forward Rate

An agreed upon rate for a financial transaction that will occur at a future date.

Canadian Dollar

The official currency of Canada, represented by the symbol $ or C$ to distinguish it from other dollar-denominated currencies.

Foreign Currencies

Different countries' monetary units, which are exchanged in the foreign exchange market.

British Pound

The currency of the United Kingdom, used in Great Britain and Northern Ireland.