Fact Pattern 13-1 (Questions 5-6 Apply)

question 15

Multiple Choice

Fact Pattern 13-1 (Questions 5-6 apply)
Moore Properties,Inc.,offers in writing to sell to Lawn Acres Development Corporation a certain half-acre of land for "$112,000." After Lawn Acres signs the offer in acceptance and returns it,Moore discovers that the price should have been stated as "$121,000."
-Refer to Fact Pattern 13-1.The effect of Moore's misstatement of the price will most likely fall on

• A)Moore and Lawn Acres,who must split the difference.
• B)Moore only.
• C)Lawn Acres only.
• D)neither Moore nor Lawn Acres.

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Definitions:

Intellectual Disability

A developmental condition characterized by significant limitations in both intellectual functioning and adaptive behavior, originating before the age of 18.

Dyslexia

A learning disorder characterized by difficulties with accurate and/or fluent word recognition and by poor spelling abilities.

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An indicator of the social and economic level of an individual or family when compared with others, taking into account factors like earnings, education, and type of work.

Intellectual Disability

A condition characterized by significant limitations in intellectual functioning and adaptive behavior, originating before the age of 18.