Allen Enters into a Contract with Joe to Sell His

question 7

Multiple Choice

Allen enters into a contract with Joe to sell his car. However by mistake, he undervalues his car. Though the actual value of the car is $6000, he sells it to Joe for $3000. During the purchase, Joe is aware of the actual value but does not communicate this fact to Allen. Which of the following is likely to be true in such a scenario?

• A)Allen is entitled to compensation through a court of law.
• B)Allen is entitled to cancel the contract because he was not aware of the actual value.
• C)Joe is entitled to keep the car because the contract is valid.
• D)Joe must pay the difference to Allen in order to validate the purchase.

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Definitions:

Homo Sapiens

The species name for modern humans, characterized by bipedalism, high brain capacity, and complex social behaviors.

Neanderthals

Neanderthals were archaic humans who lived in Eurasia until about 40,000 years ago, known for their robust build and large cranial capacity.

African Continent

The world's second-largest and second-most populous continent, located south of Europe and bordered to the west by the Atlantic Ocean and to the east by the Indian Ocean.

Extinct Human Populations

Groups of humans who have no living descendants, often identified through archaeological and genetic evidence.