In Axelson V

question 338

True/False

In Axelson v.McEvoy-Willis,where Axelson cancelled an order for specialized oil rig equipment,in accord with the contract it sent when the deal was reached,the court held that since the terms were clear,Axelson had the right to cancel.

---

Definitions:

Paper Money

Currency in the form of paper notes issued by a government or central bank and recognized as legal tender for transactions.

Federal Reserve Board

An independent agency of the federal government established in 1913 to regulate the nation’s banking and financial industry.