As Discussed in the Case in the Text,Hicks V

question 87

Multiple Choice

As discussed in the case in the text,Hicks v.Sparks,a person who is harmed by a mutual mistake cannot avoid that contract if he is considered to bear the risk of mistake.Which of the following statements is true?

• A)A buyer is not considered to have accepted the risk when he accepts property "as is."
• B)Courts have the power to allocate risk of a mistake on the adversely affected person whenever it is reasonable under the circumstances to do so.
• C)The adversely affected party does not bear the risk of mistake when he contracts with conscious awareness that he has limited information about a fact.
• D)A person who is harmed by the mistake can avoid the contract on the basis of mutual mistake even if he is considered to bear the risk of mistake.

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Definitions:

Major Product

The product of a chemical reaction that is formed in the greatest quantity, as determined by the reaction conditions and mechanism.

HBr

Hydrobromic acid, a strong acid formed by dissolving hydrogen bromide in water, used in organic synthesis and as a catalyst.

Addition

A chemical reaction where two or more substances combine to form a single product, often involving the breaking of double or triple bonds.

Anhydrous HCl

Hydrogen chloride gas or any form of hydrochloric acid that does not contain water.