Why Was the Plaintiff Successful in Obtaining a Full Refund

question 39

Multiple Choice

Why was the plaintiff successful in obtaining a full refund in the case of Rowland v Divall [1923] 2 KB 500?

• A)Because he had only had the car for four months.
• B)Because the seller had no right to sell him the car.
• C)Because the owner had no right to sell him the car.
• D)Because the true owner had made a claim against him.

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Definitions:

Exchange Ratio

The rate at which one company's shares are exchanged for another's in the event of a merger or acquisition.

Exercise Price

The price at which the holder of an options contract may buy or sell the underlying security.

Aggregate Supply Curve

The graphical representation of the total goods and services that producers in an economy are willing to sell at various price levels.

Price Level

The economy-wide average price for the entirety of goods and services produced.