Digital Storage,Inc

question 21

Multiple Choice

Digital Storage,Inc.,offers to sell provide cloud-computing services to Entrepreneur Enterprises,Inc.,but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500. Entrepreneur Enterprisesaccepts the written offer.
-Refer to Fact Pattern 14-1. Entrepreneur Enterprises'best argument in favor of enforcement of the contract is that

• A)a bilateral mistake does not afford relief from a contract.
• B)a mistake of value does not afford relief from a contract.
• C)a unilateral mistake does not afford relief from a contract.
• D)the price was below the prices of comparable devices.

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Definitions:

Population Parameter

A numerical characteristic or measure that describes an aspect of a population, such as its mean or variance.

Sampling Distribution

The distribution of probabilities for a certain statistic, obtained from a random sample.

Sample Statistic

A numerical measure that describes an aspect of a sample of a population.

Probability Samples

Samples chosen in such a way that every member of the population has a known, non-zero chance of being included.