Selma Recently Signed a Contractual Document with Olaf

question 8

Multiple Choice

Selma recently signed a contractual document with Olaf.She now believes, however, that she should be entitled to walk away from the agreement as a matter of fairness.She has phrased her argument in terms of the doctrine of non est factum.A court is most likely to agree with that argument

• A)if, even though Selma was not careless, there is a radical difference between what the document contains and what Selma thought it contained.
• B)if the document contains an exclusion clause that Olaf did not expressly draw to Selma's attention.
• C)if Selma failed to notice that the document did not reflect the agreement that she had reached with Olaf, even if Selma simply chose not to read the document.
• D)if the document contained a space for Selma's signature, but she forgot to sign.
• E)only if Olaf promised Selma that the agreement would not be legally enforceable even if she signed the document.

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Definitions:

TSX

The Toronto Stock Exchange, which is the largest stock exchange in Canada, trading Canadian securities.

Dealer Market

A financial market mechanism in which buyers and sellers execute transactions through dealers who buy and sell for their own accounts.

Over-the-counter

Financial transactions conducted directly between parties outside of formal exchanges.

Secondary Market

The secondary market is where investors buy and sell securities they already own, such as stocks and bonds, to other investors or traders, after the initial issuance in the primary market.