Nora Enters into a Contract with Oceanic Transport,Inc

question 31

Multiple Choice

Nora enters into a contract with Oceanic Transport,Inc.,to insure and ship a painting from France to the United States for a certain price.But Oceanic makes a mistake in adding the costs,which results in a contract price that is $1,000 less than the true cost.Most likely,a court would

• A)allow the parties to rescind the contract.
• B)award damages to Nora for the mistake.
• C)award damages to Oceanic for the mistake.
• D)enforce the contract as is.

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Definitions:

Port Cities

Coastal towns or cities with harbors where ships dock to load and unload goods and passengers, often centers of trade and cultural exchange.

European Immigrants

Individuals from Europe who move to another country for various reasons, including seeking better living conditions, employment opportunities, or to escape conflicts.

Commercial Ties

Relationships or connections between nations or organizations based on trade, business transactions, and economic activities.

Emigration

The act of leaving one's country of origin to live in another country.