Which One of the Following Mistakes Voids a Contract

question 175

Multiple Choice

Which one of the following mistakes voids a contract?

• A)Two parties contracted for a shipload of coal,but unknown to both parties,at the time of the contract the ship had sunk and the coal had been lost.
• B)Two parties contracted for the sale and purchase of a painting for the price of $800.When the contract was written up,the price was incorrectly stated as $900.
• C)Sally and Mary had a serious misunderstanding about a term in the contract; the court found that the more reasonable interpretation was that of Sally.
• D)When Mr.and Mrs.Houston put their property up for sale,Sam,without speaking to the Houstons or to their agent about the land,offered close to the asking price because he thought it was suitable for growing wheat.After his offer was accepted,he learned it was not suitable for wheat.
• E)Sam bought three gallons of paint,but found he had made a mistake; two would have been sufficient.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; quantifies the degree to which values differ from the average value.

Normal Distribution

A bell-shaped curve that represents the distribution of data around a mean, showing that data near the mean are more frequent in occurrence.

Weights

Measures of the heaviness of objects or individuals, often used in statistical analysis to consider the importance or influence of different observations.

Enslaved Africans

Individuals from Africa who were forcefully transported to the Americas and other places to work as slaves from the 16th to the 19th century.