Jill Contracts to Purchase Kevin's Automobile Under the Belief That

question 60

Multiple Choice

Jill contracts to purchase Kevin's automobile under the belief that she can sell it at a profit to Linda, but after Jill has bought the car, she finds out that Linda isn't interested in buying it. Jill:

• A) cannot void the contract.
• B) can rescind the agreement.
• C) could rescind the agreement if she was mistaken in her estimate of the value of the auto.
• D) can sue Linda for detrimental reliance.

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Definitions:

Fundamental Governing

The basic rules and principles that guide the operations of a government or organization.

Commerce Clause

A provision in the United States Constitution that grants Congress the power to regulate commerce with foreign nations, and among the several states and with the Indian tribes.

Supreme Court

The highest federal court in the United States, which has ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

National Power

Refers to the sum of political, economic, military, and cultural strengths of a country in the international arena.