Fact Pattern 13-1 Data Storage Inc

question 57

Multiple Choice

Fact Pattern 13-1 Data Storage Inc. offers to provide cloud-computing services to Enterprise LLC, but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500. Enterprise accepts the written offer.
Refer to Fact Pattern 13-1. Data Storage's best defense against enforcement of the contract is that Enterprise knew

• A) a bilateral mistake supports the cancellation of a contract.
• B) a mistake of value supports the cancellation of a contract.
• C) a unilateral mistake supports the cancellation of a contract.
• D) the price was below the prices of comparable services.

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Definitions:

Act of State Doctrine

A principle in international law that allows a country to disregard foreign judgments that violate its own nation's sovereignty.

Space Resources

Natural materials found outside of Earth's atmosphere that can be extracted and utilized, such as water ice on the moon or minerals on asteroids.

Antidumping Duty

A tariff imposed by a government on foreign imports believed to be priced below fair market value to protect domestic industries.

United Nations Guidelines

Frameworks, principles, or standards adopted by the United Nations to guide member states in various areas including human rights, economic development, and environmental protection.