Which One of the Following Mistakes Voids a Contract

question 122

Multiple Choice

Which one of the following mistakes voids a contract?

• A)Two parties contract for a shipload of coal, but unknown to both parties, at the time of the contract the ship had sunk and the coal had been lost.
• B)Two parties contracted for the sale and purchase of a painting for the price of $800.When the contract was written up, the price was incorrectly stated as $900.
• C)Sally and Mary had a serious misunderstanding about a term in the contract; the court found that the more reasonable interpretation was that of Sally.
• D)When Mr.and Mrs.Houston put their property up for sale, Sam, without speaking to the Houstons or to their agent about the land, offered close to the asking price because he thought it was suitable for growing wheat.After his offer was accepted, he learned it was not suitable for wheat.
• E)Sam bought three gallons of paint, but found he had made a mistake; two would have been sufficient.

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Definitions:

Integrative Conflict

A conflict resolution approach that involves finding solutions that satisfy the needs and interests of all parties involved.

Superordinate Goals

Attractive outcomes that can be achieved only by collaboration.

Collaboration

The act of working together with one or more people in order to achieve a common goal or project.

Assertive

Being confident and bold in stating one’s demands or opinions without being aggressive.