Byron Agrees to Sell to Charity,for $1,500,a Remote Parcel of Land.They

question 64

Multiple Choice

Byron agrees to sell to Charity,for $1,500,a remote parcel of land.They be-lieve the land to be worthless,but beneath it is a gold mine.A court would

• A)cancel the contract due to Byron's failure to know the land's value.
• B)cancel the contract due to Charity's failure to know the land's price.
• C)cancel the contract due to the difference between the contract price and the market price.
• D)enforce the contract.

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Definitions:

Medication

Drugs or other substances used to treat, prevent, or diagnose illness and improve health.

Financial Assistance

Monetary support provided to individuals or organizations, often aimed at alleviating poverty or facilitating access to services.

User Cost

The expense of utilizing a good or service, including opportunity costs and depreciation.

Slippery Slope

A logical fallacy that argues a relatively small first step leads to a chain of related events culminating in some significant effect, often used as a form of argument to caution against a course of action.