Fact Pattern 15-B1 (Questions B1-B2 Apply)

question 13

Multiple Choice

Fact Pattern 15-B1 (Questions B1-B2 apply)
Digital Storage,Inc.,offers to sell provide cloud-computing services to Entrepreneur Enterprises,Inc.,but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500.Entrepreneur Enterprises accepts the written offer.
-Refer to Fact Pattern 15-B1.Entrepreneur Enterprises' best argument in favor of enforcement of the contract is that

• A)a bilateral mistake does not afford relief from a contract.
• B)a mistake of value does not afford relief from a contract.
• C)a unilateral mistake does not afford relief from a contract.
• D)the price was below the prices of comparable devices.

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Definitions:

Shareholders' Agreement

A contract among a company's shareholders describing how the company should be operated and the shareholders' rights and obligations.

Corporation Law

A body of law governing the formation, operation, and dissolution of corporations.

Corporate Affairs

Activities and operations related to the management and governance of a company, including compliance with legal and regulatory requirements, stakeholder relations, and strategic planning.

Derivative Action

A lawsuit brought by a company shareholder against company directors, officers, or others for misconduct.