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:

Oral Agreement

An unwritten contract where the terms have been agreed upon verbally rather than in writing, yet can still be legally binding under certain conditions.

Enforceable

Capable of being imposed or carried out by legal process or authority, often referring to contracts or agreements.

Executor

An individual appointed in a will to administer the estate of the deceased, ensuring that their wishes are carried out.

Personal Debt

Money that is owed by an individual, as opposed to debts owed by corporations or governments.