Fact Pattern 10-2

question 59

Multiple Choice

Fact Pattern 10-2
Moore Properties,Inc. ,offers in writing to sell to New Development Corporation (NDC) a certain half-acre of land for "$112,000." After New Development signs the offer in acceptance and returns it,Moore discovers that the price should have been stated as "$121,000."
-Refer to Fact Pattern 10-2.Moore's misstatement of the price is

• A)a bilateral mistake.
• B)a fraudulent misrepresentation.
• C)a unilateral mistake.
• D)unconscionable.

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Definitions:

Baseball Bats

Sporting equipment made of wood or metal used in the game of baseball to hit the ball.

Harvested Wheat

Wheat that has been collected from fields, typically after growing and maturing over a season, and is ready for processing or sale.

Corporate Stock

Represents ownership shares in a corporation, giving holders a claim on the corporation's earnings and assets.

Article 2

A section of the Uniform Commercial Code that governs the sale of goods, specifying the rights, duties, and liabilities of parties involved.