Which of the Following Will Have the Likely Consequence of the Court

question 128

Multiple Choice

Which of the following will have the likely consequence of the court finding the contract void on the grounds of mistake?

• A)Mr.Ideer bought some property,erroneously thinking that the province was planning to put a highway nearby,even though the seller had never made any such suggestion.
• B)Mr.Twigg carelessly signed a mortgage for $24 000,which he was told was a mortgage for only $14 000.This was assigned to Mr.Jones.
• C)The parties signed a document that stated the consideration as $1200 instead of the $1100 that the buyer and seller had contracted for,but the buyer cannot prove the terms of the original contract.
• D)Mr.Ille (a blind man),although using due care,signed a cheque for $100 in favour of his caretaker,who had told him it was a receipt for money received.
• E)Mr.Jones,without reliance on a salesperson,purchased an Android table from a store,thinking it ran the Apple iOS.

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Definitions:

Process Innovation

Innovations that involve a new or significantly improved production or delivery method, enhancing efficiency or quality.

Process Innovation

The introduction of a new or significantly improved production or delivery method to reduce costs, improve quality, or produce a good or service more efficiently.

Economies of Scale

Refers to the cost advantage that arises with increased output of a product, where the average cost per unit falls as scale of production increases.

Lower-Cost Method

A cost-minimization strategy that involves choosing the most economical options in order to reduce expenses and improve efficiency.