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

question 49

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.Moore's misstatement of the price is

• A)a bilateral mistake.
• B)a fraudulent misrepresentation.
• C)a unilateral mistake.
• D)unconscionable.

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Definitions:

Independent Variable

A variable in research that is manipulated or changed to observe its effect on a dependent variable, allowing researchers to infer cause-and-effect relationships.

Dependent Variable

In experimental research, the variable that is tested and measured to see if it is influenced by changes in the independent variable.

Independent Variable

In an experimental setting, the variable that is manipulated or changed to observe its effect on the dependent variable.

Randomly Assigned

A method used in experimental research where participants are allocated to different groups in a way that every individual has an equal chance of being assigned to any group.