Wilma,who Lives in New York,enters into a Contract to Buy

question 29

Multiple Choice

Wilma,who lives in New York,enters into a contract to buy a painting from Fred,who lives in France.The contract includes all the costs of insuring and shipping the painting from France to New York.The agent that made the shipping estimate makes a mistake when adding up the costs and,as a result,the shipping cost listed in the contract is $1,000 less than the shipping actually costs.A court will most likely

• A)allow the parties to rescind the contract.
• B)award damages to Wilma for the mistakes.
• C)award damages to Fred for the mistakes.
• D)enforce the contract without requiring changes.

---

Definitions:

Alexander Hamilton

An influential Founding Father of the United States, who served as the first Secretary of the Treasury and advocated for the federal government's assumption of state debts and a national bank.

Secretary of the Treasury

A high-ranking official responsible for developing and executing the government's financial policy, managing public finances, and overseeing the issuance of currency.

Embargo Act

Legislation passed in 1807 by the United States Congress, prohibiting American ships from trading in all foreign ports to avoid conflicts.

Devastating

Causing severe shock, distress, or destruction.