What Will Be the Consequences If a Sells a Particular

question 7

Multiple Choice

What will be the consequences if A sells a particular item to B under a fundamental common mistake and B subsequently sells that item for value to a third party C, who is unaware of the mistake?

• A) A will be barred from invoking the doctrine of mistake and the item will remain with C.
• B) The item will remain with C, but B will have to transfer the price he received for the item from C to A.
• C) A will be allowed to repossess the item from C.

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Definitions:

Semantic Codes

In psychology and cognitive science, it refers to the process of encoding information into memory, focusing on the meaning of the information.

Structural Encoding

Structural encoding is the process of encoding information according to the structure of objects, focusing on the physical features rather than the meaning.

Phonemic Encoding

The process by which sounds are translated into mental symbols for storage in memory.

Semantic Encoding

The process of encoding sensory information into memory, attaching meaning and significance to it.