Isabel Orally Agrees to Buy a Unique Collection of Nineteenth-Century

question 24

Multiple Choice

Isabel orally agrees to buy a unique collection of nineteenth-century cowboy memorabilia for $10,000 from Jessie and sends $2,500 as a down payment. When Isabel pays the rest of the price, Jessie refuses to ship the collection. Isabel should seek

• A) ​damages.
• B) ​restitution.
• C) ​rescission.
• D) ​specific performance.

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Definitions:

Prospectus

A detailed document provided by a company about an offering of securities to potential buyers.

Cautionary Statements

Statements made to warn or advise individuals typically regarding potential risks or dangers associated with certain actions or products.

Misrepresentations

False statements or lies presented as the truth which may deceive or mislead.

Public Information

Public Information is data or knowledge that is not classified, freely available to the general public, and can be distributed legally.