Creighton Applies to BigData Corporation for a Position as a Software

question 39

Multiple Choice

Creighton applies to BigData Corporation for a position as a software engineer. Creighton has no training in computers or programming and no background as an engineer. After Creighton is hired, BigData learns the truth. BigData can​

• A) ​not rescind the contract.
• B) ​rescind the contract on the basis of fraud.
• C) ​rescind the contract on the basis of mistake.
• D) ​rescind the contract on the basis of undue influence.

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Definitions:

Producer Surplus

The difference between what producers are willing to sell a good for and the price they actually receive.

Price

The amount of money exchanged for a product or service, reflecting its value in a particular market.

Area Representation

The method of visually or mathematically depicting defined spaces or regions to convey information or data related to them.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.