Fact Pattern 15-B2 (Questions B3-B4 Apply)

question 40

Multiple Choice

Fact Pattern 15-B2 (Questions B3-B4 apply)
Organic Farms Company contracts to buy two tracts of land from Prime Bottomland,Inc.Both parties believe that the two tracts are adjacent,but in fact they are not.Prime Bottomland is still willing to sell the land,but under these circumstances the deal would adversely affect Organic Farms.
-Refer to Fact Pattern 15-B2.Because of the parties' belief about the adjacency of the property,their contract is

• A)unavoidable.
• B)unconscionable.
• C)unenforceable.
• D)voidable.

---

Definitions:

Incentives

Financial or non-financial rewards designed to encourage specific behaviors or actions from individuals or entities.

Opportunities

Opportunities refer to favorable situations or conditions that could lead to the achievement of goals or the advancement in a certain area, often requiring timely and strategic action to capture.

Equity

Fairness or justice in the way people are treated within the economy, often in terms of the distribution of wealth.

Efficient Share

The optimal allocation or distribution of resources and goods in a way that maximizes productivity and utility without waste.